Versarien Share Discussion Threads

[1teepee] 05/9/2018 08:12

I think Haydale buy nanene and pretend to functionalize it and mix it in plastic and pretend they are actually doing something special. Am I wrong?

[ellissj] 05/9/2018 08:07

I read that haydale rns. Theme to me is a new chap in charge getting a 'grip' on the business. That's not the best mood music ahead of geic opening. Wonder who may benefit ? ;) aimo. Best ellis

[sadddles] 05/9/2018 07:59

Thanks for that SuperG..

[smallfry1] 05/9/2018 07:54

Thank you Rainbow
I will sell my entire holding we need gurus like you.
Thanks again

[squire007] 05/9/2018 07:53

Your golf score !! Tutt tutt :-)

[rainbow23] 05/9/2018 07:43

No RNS. 145 today.

[occultusverum1] 05/9/2018 07:39

Have a great time at the golf any of you who are attending

[superg1] 05/9/2018 07:25

Fest

I had a fat fingers moment on a bad news bounce trade recently

I bought 3 times more than I intended. Luckily the share price did bounce and I could get out above the going market size. I do try to stay within it.


Sadddles

Having watched VRS closely with a supply in play it's been easy to understand. I call it flatlining.

As Lovat says large trades can get reported late sometimes days late. It has happened here. It is within the rules.

EG

An MM will get 500k from a fund, the trade is not reported. That MM then usually is the only one on the offer. So you have good supply in the market but its not visible other than an MM that won't budge.

PIs buy they don't budge. PIs sell and the MMs on the bid pick up shares and go onto the offer. The share price falls as the bid is lower.

Sometimes as in the past the new MMs will step over the MM with the 500k. Then as has also happened that MM steps over them to dominate the offer to get rid of the stock.

So you then see a share price drop which doesn't match the visible market action.

When the MM with the 500k sells the lot it then gets reported. If the MM hasn't managed to reload from the supply then the share price tends to bounce. PIs see the shortage and bounce and start to buy amplifying the bounce.


Trades above the market size can be delayed. In the case above it's usually reported once the whole amount has gone. MMS take market size too far at times and one can't help think they are up to no good.

EG we have had trades of 20k delayed. Now if that was a buy in a rising share price when it pings up, usually and hour later, the auto system makes it look like a sell as if the price is below mid price it looks like a sell.

We have had many days here where buys are put through a tiny fraction below the mid price and then they look like sells.

The system doesn't recognise if it's a buy or sell, it just works off the mid price at the time the transaction goes through on the screen, not the time it was executed.

[luckyorange] 05/9/2018 07:09

o/t , Ray at HAYD has been moved sideways to the role of president, didn't know what a president did and sadly looks like a rocky road to me.

[sonsonnyjim] 05/9/2018 07:04

No news. Enjoy the golf folks

[lovat scout] 05/9/2018 05:34

Delayed trades print after a certain time according to how large they are or earlier if they are unwound before the set timeframe.

[redchef] 05/9/2018 05:09

Correct me if I am wrong but I assumed a large buy or sell would be reported late as it would require several or smaller sells or buys to match to and presumably isn't reported until the entire trade is fulfilled

[sadddles] 05/9/2018 00:08

Lovat:

Thanks for your time and effort.

[haz101] 04/9/2018 23:58

I was in my local bank branch couple of years ago now when an older gent who must of been covering (see him in different branches often) made a phone call within earshot of me, seems he sent 70 million to the wrong bank account as the new computer system was in Dutch, he was talking about it as if it was £7 he sent not 70 mill never took a fizz out of him

[wuzy] 04/9/2018 23:44

Unfortunately since more private investors are able to see the mechanics of trading level 2 and all the platforms the MM,s have to devise other means whereby they have an advantage and all this hidden ,late trades etc,etc once again gives them the upper hand, so they can play their games again,cheers

[lovat scout] 04/9/2018 23:35

Lucky escape Fest! Web full of fat finger debacles - some fatal.

[festario] 04/9/2018 23:10

Lovat, you weren't around when I made my huge mistake and sold my entire holding at the time, just over 600k shares, all at once by accident at 40p. It was 16.25pm and I phoned II in panic, to be told the transaction had been dealt! Nothing could be done.After losing a lot of sleep, I bought them all back at almost the same price the next morning.Neither trade for over 600k shares was ever printed!

[lovat scout] 04/9/2018 23:03

Saddles

1. Trades above a certain size can be delayed to protect MMs risk pricing and encourage greater liquidity.

2. MMs carry inventory so buys and sells won’t match up. Add to that trades that don’t get reported and off market II *dark pool* trades in order matching systems means the whole picture is never seen by anyone. Ignore the red:blue on the trade tickers - at best a guess.

[lovat scout] 04/9/2018 22:54

Lucky - I suspect the trade had either been *accidentally* booked late or the MM agreed a price for 155k but *protected* the buyer to try and improve on the price should the shares be bought back at a lower level.

In theory it sounds great - the buyer knows the maximum price that has to be paid and they might come cheaper. In reality the benefit is all in favour of the MM because the trade doesn’t have to be printed until the MM is happy to or the close of business.

The trade ticker is only part of the story!

[sadddles] 04/9/2018 22:47

Two things puzzle this amateur.

1. The market closes at 16.30.
And yet...there is deals being revealed after the bell!


2. Very often buys outnumber sells by a very large margin and yet the share price heads South???

[squire007] 04/9/2018 22:47

My guess is Thurs for news, just a hunch ..;-0

[luckyorange] 04/9/2018 22:16

Always bugs me when there is a large buy after the bell lovat. Have 'they ' forward sold them as there is no corresponding sell or have they been picked up off the supply which won't be published.

[sonsonnyjim] 04/9/2018 21:38

Can't wait to check rns news at 7 despite there being no point with the golf