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Esseesse said:
Fake7 said:
Esseesse said:
Did you try to sell less than the exchange market size (EMS)?
EMS is 75000, I was trying to sell 90000. Would I have got a better price if I'd sold in 2 parts?This morning the sell price of ALO was published as 1.45p for atleast half an hour, but the best quote I could get was 1.26, so quite a big difference.
Jonboy_t said:
Strong QPP comeback this afternoon, from -8% to -3ish%. A few sizeable buys showing up, hopefully some contract win news before the ftse listing.
I must admit I came close to cutting my losses and running when it reached 32.25 yesterday afternoon and I was several thousand down on paper. Thank god it rose slightly at close. Hope whatever strange manipulation which was going on is over.DoubleSix said:
Funny how when a share falls people attribute it to 'manipulation'.
This thread seems to have gone the way of all the other BBs out there....
Im new to all this so perhaps shouldnt have spouted off something I read elsewhere but can you explain better how seeminly very solid results can cause a share price to drop 20% in a matter of days? Is it always just that the news was already priced in before?This thread seems to have gone the way of all the other BBs out there....
DoubleSix said:
I'm afraid I cannot get into that type of discussion on a public board as I would be in danger of straying into advice - silly as it may seem.
I'm sure someone else can help you out with your question though.
So you can tell me its not manipulation, but cant even suggest what it might actually be?I'm sure someone else can help you out with your question though.
Im guessing you do this professionally but the rules sure are odd
Fair enough. Hopefully someone can answer me.
DoubleSix said:
No. Re-read. I haven't stated what I would attribute the move to one way or another.
I am simply observing that (novice) investors tend to attribute moves that go against them to arbitrary unknowns - like 'manipulation'.
Fair enough but if you are going to be so condecending as to roll your eyes at someone who perhaps knows a lot less than you and suggest that they are ruining a thread just because they suggested something that you dont agree with it (or may know more about it), then at least have the balls to say what you might think it is rather than having a crack and then saying you are not allowed to go into further detail. I am simply observing that (novice) investors tend to attribute moves that go against them to arbitrary unknowns - like 'manipulation'.
You basically said 'you're an idiot, but im not allowed to tell you why'.
vescaegg said:
Jonboy_t said:
Strong QPP comeback this afternoon, from -8% to -3ish%. A few sizeable buys showing up, hopefully some contract win news before the ftse listing.
I must admit I came close to cutting my losses and running when it reached 32.25 yesterday afternoon and I was several thousand down on paper. Thank god it rose slightly at close. Hope whatever strange manipulation which was going on is over.I'm not saying that so apologies if that's how it came across.
But the net is littered with spurious nonsense about 'manipulation' and such whereas this thread has had a reasonable standard of discussion and view points - without straying into idle speculation.
You asked me specific question which could be interpreted as being about a specific share so I'm afraid that is the point where I cannot really enter discussion.
As a more general discussion however, how exactly does one think a liquid SETSMM share is open to manipulation? I am suggesting you examine your own reasoning as you will be a better investor for it - this is intended to be helpful. But I hope you will appreciate MY position of not being able to get into the nitty-gritty of a particular share price movement, I will leave that for others.
But the net is littered with spurious nonsense about 'manipulation' and such whereas this thread has had a reasonable standard of discussion and view points - without straying into idle speculation.
You asked me specific question which could be interpreted as being about a specific share so I'm afraid that is the point where I cannot really enter discussion.
As a more general discussion however, how exactly does one think a liquid SETSMM share is open to manipulation? I am suggesting you examine your own reasoning as you will be a better investor for it - this is intended to be helpful. But I hope you will appreciate MY position of not being able to get into the nitty-gritty of a particular share price movement, I will leave that for others.
DoubleSix said:
I'm not saying that so apologies if that's how it came across.
But the net is littered with spurious nonsense about 'manipulation' and such whereas this thread has had a reasonable standard of discussion and view points - without straying into idle speculation.
You asked me specific question which could be interpreted as being about a specific share so I'm afraid that is the point where I cannot really enter discussion.
As a more general discussion however, how exactly does one think a liquid SETSMM share is open to manipulation? I am suggesting you examine your own reasoning as you will be a better investor for it - this is intended to be helpful. But I hope you will appreciate MY position of not being able to get into the nitty-gritty of a particular share price movement, I will leave that for others.
Appreciate that thanks. I will do some more research. I was just a bit bewildered is all. I was a bit naiive I think as to exactly how volatile shares (especially AIM ones) can be. From mid day yesterday to right now its gone up about 10% or something silly!But the net is littered with spurious nonsense about 'manipulation' and such whereas this thread has had a reasonable standard of discussion and view points - without straying into idle speculation.
You asked me specific question which could be interpreted as being about a specific share so I'm afraid that is the point where I cannot really enter discussion.
As a more general discussion however, how exactly does one think a liquid SETSMM share is open to manipulation? I am suggesting you examine your own reasoning as you will be a better investor for it - this is intended to be helpful. But I hope you will appreciate MY position of not being able to get into the nitty-gritty of a particular share price movement, I will leave that for others.
Thanks anyway.
Fake7 said:
I'd forgotten about the EMS, but it's never been a problem before. Published prices are usually close to what you get quoted, although in times of volatility they can be a bit off.
This morning the sell price of ALO was published as 1.45p for atleast half an hour, but the best quote I could get was 1.26, so quite a big difference.
I can probably explain why the price you are offered is lower than the quoted price. It's all to do with liquidity. ALO is tiny and tiny order books aren't usually filled with orders at every possible price. The top bid may have been partially filled, so the bid side may have looked something like this (shares + price)-This morning the sell price of ALO was published as 1.45p for atleast half an hour, but the best quote I could get was 1.26, so quite a big difference.
10,000 1.45
50,000 1.30
100,000 1.15
So even though the top bid (which provides the price quoted) is 1.45, there is only a buyer for 10,000 at that price. My made up order book would actually give you price of 1.26 for 90,000. 10,000 @ 1.45, 50,000 @ 1.30 and the remaining 30,000 @1.15
Once the top order is fully filled they may renew the order so there'll be 50,000 (or whatever) @ 1.45 again, or they may not and the bid will drop to 1.3
I don't have access to ALO's L2, so the numbers are entirely made up based on experience of the order books of other small companies. Hope that helps.
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