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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