Brown (n) Share Discussion Threads

[nav_mike] 05/7/2018 14:50

Aye very strange action on XD day - cant find any broker recs...maybe shorts closing?

Nice surprise tho today

[linton5] 05/7/2018 14:41

Strange action to say the least mmmm

[citytrader66] 05/7/2018 13:00

profit if profit. not being too greedy. i'll take 171p on those i bought this morning.

12:55:02 170.9141 6,000 O 170.6000 171.0000 Buy

a sell not a buy..SP ticked down when i still had a live quote :D

[citytrader66] 05/7/2018 12:03

followed by a big sell @ 165.3p?? weird

12:02:44 165.3000 50,189 O 170.2000 170.9000 Sell

[citytrader66] 05/7/2018 12:02

12:02:08 174.3000 967 UT 175.6000 170.9000 Buy

174.30p UT trade. wtf?

[nav_mike] 05/7/2018 09:08

Well its had a bounce and now at the equivalent of 173ish pre-dividend, so not too shabby

[rathean] 05/7/2018 08:54

I never catch the knife at the bottom, but close enough... hopefully! Chart looks over due for a move north if this level holds, otherwise my stop loss will kick in and I'll be off to lick my wounds.

[citytrader66] 05/7/2018 08:54

thats what i was thinking. started off well and i was looking to off-load some if it rose much more. ended up buying some at under 161p..

british bulls posted a BUY signal yesterday.

support at 165p. hopefully a close above that.

[nav_mike] 05/7/2018 08:34

Started off okay, but now the AT Traders (be they sellers or shorters) have managed to force the price down by more than the XD equivalent

Perhaps encouraged by the break of 165/66 albeit on XD day

[rathean] 05/7/2018 08:20

Back in at 166.5p after a long time on the sidelines, great price taking advantage of the ex-div share price drop. Long term support at around these levels, return over 8% so looking for short term capital gain 2-4 weeks.

[pireric] 01/7/2018 09:32

So what you're saying is that the price goes down when there are more willing sellers than buyers until buying pressure returns?

I understand now. Good day too

[nav_mike] 01/7/2018 06:54

Jeez wept where did I say market manipulation?

Its being shorted by parties using algos, and they dont have to use large order sizes as overall volume is so thin.

Anyway have a lovely day

[pireric] 30/6/2018 21:30

Well if you really have concerns about market manipulation then pen an email to the FCA with evidence. It is illegal after all

[nav_mike] 30/6/2018 20:00

pireric

Thanks for that considered response. I'll stick to what I say based on seeing SETS every day, and shorts > 0.5% gradually rising.

But fair enough. this board is a hotbed of discussion so I will leave you to it

[pireric] 30/6/2018 18:51

Nonsense, Mike.

[r ball] 30/6/2018 18:37

Really! Share price reflects fact that physical presence is a loser and finance deals under scrutiny...

[nav_mike] 27/6/2018 16:01

Share movement is being totally dictated by trading bots.

In BWNG they seem to have found a thinly traded stock where just by using small orders of less than 1000 shares, they can leverage price moves without much resistance

Totally sucks but unless buyers return in size, theres not much can be done about it

[useless23] 23/6/2018 10:22

Bullish outside bar with high volume at 3 year low/support area suggests this is going to rise.

[nav_mike] 22/6/2018 09:01

I did of course get my XD date wrong - its 05.07 not 02.07

However its a dividend of 8.56p which at these prices is around 4.9% just on this payment alone.

Surely this must lend some short term support

[zoolook] 21/6/2018 09:35

If it lurches down I would see that as an opportunity to back the proverbial truck up

[nav_mike] 21/6/2018 09:21

Ive been thinking of adding at these levels, but volume is so thin at the moment the shorting algos are having a field day

It doesnt take much action on SETS for the price to lurch down, as there seems to be very little buying interest

Having said that it goes xd for around 8p i think on 02.07 so surely that would raise some interest?

[zoolook] 21/6/2018 08:59

Bought some on Monday. Will add more if it drops further. Valuation strongly underpinned by massive loan book and yield. Not got the burden of stores of most retailers. If it didn’t have the high family holding would be a sitting duck for private equity take out.

[mauricemonkey] 20/6/2018 14:16

Meh, the price takes care of itself, at some point they’ve got to be bought back.

[nav_mike] 19/6/2018 16:09

It would appear this is being shorted by Blackrock...to add to all the good news :(