Oxford Instruments Share Discussion Threads

[bluebelle] 22/1/2013 13:56

FWIW I think the 1540 has gone and the new activity is around the 1555 mark.

[bouleversee] 22/1/2013 11:39

Thanks for the education Bluebelle. You'll agree that it's pure luck that my p/fs managed over 20% gain (inc. divs.) on average last year, despite some horrors, which made a nice change. The ftse 250 did very well but from what I read is unlikely to do so this year. Hopefully the blue chips will counterbalance that. I have a very mixed bag.

[bouleversee] 21/1/2013 18:40

Certainly wouldn't. Can't understand who would sell so few either. Excuse my ignorance, but where do you see the size of the trades.

[bluebelle] 21/1/2013 17:05

The size and the pattern of the trades : I doubt it would be economic for you to accumulate a position by buying as few 7 or 8 shares, but that's been happening here !

[bouleversee] 21/1/2013 16:58

Thanks for the explanation. How can you tell it's not just someone like me putting in a cheeky bid on-line on the offchance? I don't trade but if a stock I want to buy looks too expensive, I'll put in a lower bid and keep my fingers crossed that something will send the market down temporarily, as I am sure lots of others do as well. How can you tell it's active broker involvement?

[arja] 21/1/2013 16:56

bluebelle ,
yes, so much manipulation in the market and all these tiny trades in some stocks is a pain . Also, this algorythmic trading drives me mad at times. very little transparency in markets but at least we can just trust the chart . have a nice evening !

[bluebelle] 21/1/2013 16:39

arja
I suspect I was right. They have been trying to hold the price down to accumulate stock but you can only do that for so long before the dam bursts. The 1515 dam went earlier and now they're trying to dam it at around 1540. Let's hope that goes too ! Either way, the stock should now be underpinned at a higher price.

bouleversee
'bot' is short for 'robot'. They're automated trades by which a broker tries to acquire (or sell) a large position for a client at the best possible price. They do this by buying small parcels on any weakness and by doing so try to keep the price as low as possible for as long as possible until they've filled the order. I think from the trading pattern more than one broker is doing the same thing, although of course you never know whether or not it's on behalf of the same client.
You often get a sharp upward movement as a result of stock shortage once they've met their requirements as they've hoovered up all the 'loose' stock. FWIW I don't think that's happened yet !

[arja] 21/1/2013 16:24

wow, go baby go ! ( smile ) . Also is a good stock to accumulate with CFDs it seems - I must think about that !

[bouleversee] 21/1/2013 15:16

Thanks. Now, what's a 'bot' trade? Is there a glossary of trader's jargon anywhere?

Bouleversee (elderly novice trying to get her brain round all this)

[bluebelle] 21/1/2013 14:57

arja/bouleversee
It's always difficult to interpret these things at the best of times, and I am no expert, but it does seem to me, given the recent pattern of 'bot' trades, and how long this has been going on for with no sign of stopping, that there is a concerted attempt to keep the price as low as possible, presumably in order to fill a large order.

[arja] 21/1/2013 14:12

sorry , no overhead resistance or "north of river" as we used to say in western australia - charting expression of course . OXIG now looking better and ready for a move higher !

[bouleversee] 21/1/2013 12:44

What is a NOR situation, please?

[arja] 21/1/2013 12:31

and chart still looks impressive and a NOR situation if we ignore the crazy spike on friday .

[bluebelle] 21/1/2013 11:13

That's always the problem - you just never know for certain what's going to happen!

FWIW I'm expecting quite a bit of short term profit taking on a number of stocks which have done well recently but still believe the fundamental story is intact here. There's certainly some short term manipulation going on here. I rarely look at intraday trades in detail but I don't recall seeing anything like this on OXIG before.

[arja] 21/1/2013 10:00

hope that spike was not a market top as ocasionally happens. I bought recently and might have put the kiss of death on it ! ( wry smile ! ). Off a bit today but probably just consolidating before kicking higher .

[bluebelle] 21/1/2013 08:35

On a stock like this it renders L2 meaningless while it's going on !

EDIT : At it again this morning. Seems to me that they're trying to hold the price at around the 1515 level.

[arja] 19/1/2013 12:14

bluebelle- interesting comments . This algorythmic trading or whatever it is called is pain with orders coming off on on the L2 rapidly . All part of the manipulation which the LSE allows !

[bluebelle] 18/1/2013 16:20

arja
Just been looking at it and the trades around it. Seems to me that it was probably a computing glitch - there has been a very high number of bot trades this afternoon. Always difficult to tell whether they're buys or sells until afterwards, as the whole point is to shift large volumes in small parcels whilst moving the price as little as possible. From the pattern, I would say that there are at least 2 and possibly 3 players operating and from that I would conclude that they're buying. Time will tell !

[arja] 18/1/2013 16:07

yes, it is now a NOR situation and could go much higher unless the spike meant insiders were aware of bad news to come !

[bluebelle] 18/1/2013 16:04

huntie2 18 Jan'13 - 15:53 - 343 of 344 0 0
most strange,arja - feel sorry for the person who purchased at £16.02!

No need to feel sorry, huntie - in a couple of weeks it will look like a pretty shrewd buy !!!

[arja] 18/1/2013 16:02

my IG Markets L2 ticket says £16.68 but chart says otherwise . IG Markest are pathetic but almost have a monopoly in offering DMA . If not I would leave them as they rip me off in a number of niggly ways ! have a nice weekend.

[huntie2] 18/1/2013 15:53

most strange,arja - feel sorry for the person who purchased at £16.02!

[arja] 18/1/2013 15:52

whyb the sudden spikle and then rapid retracement ? no news out I think .