So overnight closed down 3.72%[about 5 cents on our 138 yesterday]BUT it was on 6 million+ Volume.
6 million Volume out of the allocated OS shares of I think 20 million?
This is 'impossible' to be trading.It has to be Transfers in fact Intra Day Transfers of say 2 mil shares going to one and than another,something like that.One doesn't 'Trade' 30% of of Total Shares available all in a Day in any 'normal' circumstance that is.
The German Market is quite 'unregulated' compared to the ASX.It operates with Market Makers[like the London AIM does]I don't fully understand these OS markets.For one thing I've never been able to find out if they allow Shorting on shares like DYE.
They also seem to trade a lot amongst themselves,the Market Makers and then wait for ordinary joe/jane public to come on in.
We've had German posters come here to HC but they've never been able to explai this 'system' of Market Makers.I wish I could get some satisfactory pros and cons on how this works.After all,our Richard MD wants DYE to become even more involved on Overseas Exchanges.
Anyhow will we retrace/consolidate to 133 ish today?
or will we 'bomb' back to 120's?
Will one of this thread's researchers come up with a translation of some interview by Dye Management in Die Spiegler like Dick's in the Australian?
Another day,Another Dollar.
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