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12:06
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Originally posted by ainsleym
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Bizz, I have been watching the trades this morning like you. Firstly, I noted in pre-market that buy/sell volumes close to match price ( 37 bid/38 offer) were fairly low, but here was the strange thing, comsec was showing a surplus of nearly 175,000 at 38c before market open. This did not match with the low volume on offer at 38c on the comsec trading screen so I thought its a mistake. Market opens, a very small trade done at 38c, then bang, the volume starts rapidly going up ( about 100,000 done over a few seconds) yet the comsec screen shows the buyer at 37 and seller at 38 volumes have not changed. Few minutes later another 70000 -80,000 picked up at 38c in a single buying swoop, but still no change to the comsec buy/sell queue. Then I thought, this is either bulk off-market transactions or Chi X transactions which may not appear on comsec course of trades screen shows. Whatever, these trades were not occurring as a result of on-screen transactions. Also they were not crossings. Tells me that there was a significant sell volume, but did not want it to appear on-screen ( ASX) but someone was prepared to come in and take them all out in two bites. Decent amount of coin all said and done. Thereafter a few small buys took place and ate into the on-screen seller's small volume. All a bit strange.
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'Good Get',Nice work...As Long as someone Buys The Sells it's OK in my book....Fleeing and smashing the Price Down is another matter....All Volume changed hands at the same price point....Someone Out-Someone In.....
