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a great example there of how to use BD the end of placement...

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bossivic

32,754 Posts.

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09/06/18

12:47

Post #: 33614221
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Originally posted by scatterbrain ↑

Thanks for the kind words @bossivic , I actually think we have a similar style except you have a higher trading frequency than myself.

Broker data is definitely something that takes a while to understand. It doesn't have to be perfect, but just has to be 'healthy' enough.

An not so perfect case study - VMY (uranium) :

Buyers: Morgans, Bell Potter, Morgan Stanley, Hartleys, Argo
Major seller: Macquarie

So bearing in mind the chart is right near bottom and there was a recent 6m cap raise at 11c. Notice how Macquarie have been using the liquidity created from recent confidence in uranium sector to exit their position. This would be a great example of one for the watchlist. There is a decent amount buying across the board, but Macquarie (being the major seller) is preventing the price from moving. I would monitor the BD closely to keep on eye on when Macquarie have finished selling, which along with the chart could indicate a good entry.

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a great example there of how to use BD

the end of placement selling can be shown clearly through BD and provide a great entry in combination with other factors including TA and price action

I also use BD in this manner as you describe above

Last edited by bossivic: 09/06/18

XAO Value at posting: 6,156.8
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