Apologies for not enlightening those of whom I ask the Question.
It appears that today's average parcel is out of kilter with the average parcel on a DOM historical basis, or nearly any reasonable measure of share trading by investors or traders across the ASX board.
Todays DOM volume and price action seems to be forcing the price lower.
Trading in this stock is usually greater than an average of 288 shares per trade and average parcel value of $961. - This can be a meaningless measure on any single day however there is cause for concern when taking into account the following:
From Open today to 14:40 PM only 88 transactions of nearly three hundred, involved a parcel of greater than 200 shares.
Over two hundred sub 200 FPOS parcels were traded and of those ninety eight were parcels of 50 shares or less. Of those thirty five trades were for ten shares or less.
Of these there is a remarkable number of transactions of one share. SEEMS EXTRAORDINARY DOESNT IT?
Anyone that can provide any clue would be appreciated.
Telling me a bot is at work is no explanation. Cheers.
DOM Price at posting:
$3.73 Sentiment: Hold Disclosure: Held