Originally posted by Bayswaterguy
Hi
@Arcturus451
I suggest you read my post again. I didn't say more shares were being bought than sold. I said more are being bought up opposed to being sold down, meaning the ask or offer on the sell side is being hit more so than the bid on the buy side. E.g. if you want shares in BUD right this second you have to buy them. Friday there was shares being bought up.
We actually made it into the
VOLUME BREAKOUT SCAN. Table in the link below.
https://hotcopper.com.au/threads/dt...4521138/page-19?post_id=36374879#.W-DfQ83ZU0M
Today we have already been mentioned in the DTers thread. We have momentum in the right direction, because shares are being bought up.
Regarding my 400K shares @ 10¢ offered at closing auction comment. Just because someone says 10¢ means that's what they'll get, it was touch and go between 10.5¢ and 11¢. It's obvious they wanted to drop the SP for more accumulation on Monday. We have bots fighting nearly every open and closing auction. These bots are often triggered by the amount of supply and demand on the first couple lines on both the buy and sell sides.
Watch the top line on the sell side at 3:45-3:49, 200k ish shares will appear for the end of day squeeze (shake out) then disappears early in closing auction.
Having bots fighting at closing auction tells me that someone big is fully loaded and trying to keep the SP up and someone big is trying to keep the SP down so they can accumulate.
Hi Bayswaterguy. I see what you're saying about more buying at the offer than selling at the bid and am relieved you're not relying on quantum physics to suggest shares pop in and out of existence. The final auction is just a free for all that gives you a chance to queue jump if you're quick enough and maybe then trade the spread the next day. It's not limited to BUD and most of it is just short term trading that often has nothing much to do with the particular company anyway. I just don't read too much into that micro stuff because markets ebb and flow and you'll go nuts if you try and put a reason to every trade. I can't count the number of times I've heard people who are long rationalize a low share price (ie lower than they think it should be) by claiming someone is suppressing the price (ie selling) so they can accumulate (ie buy). I realize it's possible because sentiment is a powerful thing, but selling to buy sounds a bit like an oxymoron to me, and it can backfire badly. If someone is suppressing BUD, I'm very thankful because it has given me the opportunity to accumulate. My holding is now 5x bigger than my initial holding stake back when Ohm was announced and depending on news and price reaction I may not be done yet.
I will say that the price action today is very positive indeed, and like notlistening14, I'm wondering about leaky boats.
