bosley
- 20 Feb 2004 09:34
micky468
- 07 Mar 2007 13:38
- 23822 of 27111
maybe he ment April 1 thats agood red letter day.
EWRobson
- 07 Mar 2007 13:40
- 23823 of 27111
Even more fascinating. The purchases are being made every two minutes two seconds! It appears that there is an automated system making purchases every two minutes. That's 30 an hour or 7500 worth. The plus for the buyer appears that he is not actually driving the price up. Curiouser and curiouser!
Eric
EWRobson
- 07 Mar 2007 13:41
- 23824 of 27111
Must be a chinaman!
EWRobson
- 07 Mar 2007 13:42
- 23825 of 27111
Or perhaps a googlie!
hewittalan6
- 07 Mar 2007 13:48
- 23826 of 27111
Greek,
Thats why I kept insisting it must be the 21st, but they kept insisting the 24th, even when told it was a Saturday.
I have no idea if the rumour is justified or not. I only posted it out of completeness and becasue it may make sense to someone else. It doesn;t to me.
Alan
PATISEAR
- 07 Mar 2007 14:12
- 23827 of 27111
hewittalan6
Please forgive my ignorance, but, 'red letter day'. Is that a positive or negative.
garyble
- 07 Mar 2007 14:14
- 23828 of 27111
maybe its the 120 day Starpol 3000 milestone!
hewittalan6
- 07 Mar 2007 14:15
- 23829 of 27111
I have no idea!! I am assuming that because the original source was investing a largish sum in SEO, they expected positive.
Confused is not a strong enough word for how I feel, given this bit of rumour, the cryptic posts of such as pinnacle and the weird and wonderful dealing patterns today.
alan
sellsell
- 07 Mar 2007 14:18
- 23830 of 27111
so Alan is it time for you to buy back in yet?
greekman
- 07 Mar 2007 14:22
- 23831 of 27111
Alan,
No problem, you made it very clear that it may make sense to others, and that is why you posted. Unfortunately it don't make sense to me.
PATISEAR
- 07 Mar 2007 14:29
- 23832 of 27111
hewittalan6
Thanks.
hewittalan6
- 07 Mar 2007 14:29
- 23833 of 27111
Guilty as charged, sellsell!!
I was waiting for the 1.16 I was sure would come, but based on the strange buying activity I got a chunk (though not all) back in between those automated trades @ 1.20.
Alan
hewittalan6
- 07 Mar 2007 14:32
- 23834 of 27111
The strange trading continues.
Not one every 2 minutes but 5 every 10 minutes!!
EWRobson
- 07 Mar 2007 15:02
- 23835 of 27111
I assume that, because the trades are automated, there is a buyer and a seller. So the red trading figures that have taken over from the blue only signify how the price relates to that quoted by the MMs. One possibility that strikes me is that it is a way of closing a large short position without driving the price up in the process. The MMs have now moved the price up and we could be at the start of a rising market coming up to the results. If pinnacle and Alan have heard things then the rumour machine could drive the market up. AND! Its bound to get around that Alan has bought!!
Eric
hewittalan6
- 07 Mar 2007 15:11
- 23836 of 27111
Only as a sell signal......................
driver
- 07 Mar 2007 17:42
- 23837 of 27111
The mystery buyer it looks like his asleep as well.
micky468
- 07 Mar 2007 19:08
- 23838 of 27111
thats funny lol.........lol......lol
greekman
- 07 Mar 2007 19:19
- 23839 of 27111
Re books with automated trades.
For every buy there is a sell, and every sell a buy.
Someone owns them, etc.
All comments although factual, tell less than half the story.
It is the delays from buy/sell sell/buy, that matter, and the sp movement during that delay.
There are very often a large majority of shares floating round in the system. The less floating, often is the difference between, liquid and illiquid shares, IE brokers and to a less extent the mm's holding a certain percentage of shares.
So yes for every buy there will be a sale and visa versa, but not at the same time, otherwise the market freezes in that share, IE illiquid.
But if there is a large trade, buy or sell with a then large gap between the opposite trade, again this would signify an illiquid share.
The statement of the 6,000,000 being a sell (see WT trade of yesterday) is only an indication from the average price of the day.
Only those involved in the deal, either and the broker and mm's through which the deal was done, or if already being held by the broker, only that broker are fully privy to whether it was a buy or sell.
The above is my take (for what it is worth) on the auto trade order book.
minordetail
- 07 Mar 2007 21:10
- 23840 of 27111
a "red letter day" is a any day of special significance.
Some trivia in Aladdin's "A Whole New World" the princess says, "every moment red-letter" not "every moment gets better".
EWRobson
- 07 Mar 2007 23:28
- 23841 of 27111
Thanks, greekman. I have assumed that the trade is automated in the sense that it is effectively a computer match: e.g. a potential buyer sees shares at a price on a computer file and says I'll have those. If that is the case, how does the manager of the trading operation get his cut? Have you looked at the SEO trading today? - the comments above were about regular 'buys' of a random of shares between an upper and lower limit; then five blocks of shares with exactly the same time, this time at 10 minute intervals. All this being done without any seeming effect on the quoted price - if they had been an 'O' transaction there would have been a considerable movement in the sp.
Thanks in anticipation, Eric