RHK 6.96% 73.5¢ red hawk mining limited

big buying, page-3

  1. 7,247 Posts.
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    kt, the system I have shows whether the sale was at the bid or ask price. Ie. Say a seller is asking 28 and a bidder is offering 27. If a sale takes place at 28, it is at the bid, in other words shows strength. If the next sale is at 27, it is at the offer, ie. a tad weaker. Not ground-breaking indicator, but helpful. Eg. the sale I reported above was clearly a ten million order to buy at best, because the sales were at 28.5 and 29 at the tail end. Indicates some buyer confidence, not opportunism.

    After settlement date, ie T+3, an extra column will show broker names. So next Monday we will know who bought the 10m in one order, my money is on MAC insto.

    Here is a snapshot a few minutes ago;
 
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