TA Charting Thread, page-266

Very true Lex

Broker data can also be irrelevant sometimes, as all it could be is a client of Taylor's buying and selling on there behalf, instead of logging into a retail platform like commsec or ANZ they will just ring there broker and do it that way.

Its a bit of a funny game on 1 hand you have

Client Managers wanting to catch a trade for there clients ( can be multiple clients at a time ) and when you have been the lead broker, probably have a good read on the register so can nearly guarantee a successful trade especially if they are doing volume. Managers make there commission, client makes there profit, broker is hitting his targets, everyone is a winner.

Then on the other

Clients like to take trades through professional brokers regularly, and if CDX happens to be one of that lead brokers hot stocks, is most likely the one they would recommend for there client. Client turns over some stock for the account manager for a profitable trade, account manager makes his cut, account manage keeps Joe Bloggs on his Xmas card list when new IPO's or cheap placements come about if you get my drift and round and round it goes.

These are just a couple of scenarios especially when you are seeing a professional broker buying and selling constantly.

The main problem with this situation is it tends to frustrate investors as well as traders, and can end up destroying a stocks reputation, and people end up getting sick of the "games" as well call them and move onto something thats a bit more free flowing.

Hopefully we can get some news soon so we can push through this bottle neck area of buying and selling and move onto new 2 year highs where we will see less resistance bigger trading spreads

Cheers