Victoria Oil & Gas Share Discussion Threads

[fatnacker] 26/2/2017 10:55

interesting that since the share price took off three weeks ago we've had a mini sell off every Friday, be nice if it continues and next Friday we sell off down to 80p, without news obviously.

[fatnacker] 24/2/2017 17:39

far better to categorise AT trades as slow or fast to move on, if they clear quick sharp its generally (in my book) a good sign conversely AT's that hang around could be a sign of a weak market.

[highasakite] 24/2/2017 16:39

120p next week then

[deanroberthunt] 24/2/2017 16:09

who cares, 6-9 months they'll be selling or buying at 240p

[highasakite] 24/2/2017 16:08

So they were buys then FFS

[forwood] 24/2/2017 16:07

FFS, there was a seller of c 7 or 8 trades at 34,500. He offered them, someone bought them. End of!

[highasakite] 24/2/2017 16:02

rafieh

You are correct if some is willing the pay the 69p which they are the AT trades are buys.

[highasakite] 24/2/2017 16:01

willoicc

So the 34500 trades at 69p then are you saying they are buys or sells ?

[rafieh] 24/2/2017 16:00

I have traded off the trading book for 15 years. I agree with dan. If someone is happy to pay the offer price, they are 'buyers', and if we get plenty of them, the price is likely to move up.

[willoicc] 24/2/2017 15:59

If you put a Sell order at 69p on the book it will be cleared when someone else places a Buy order at the same price.

You will not see the Buy order because it will be matched instantaneously.

Same applies in reverse for a Buy order placed on the book. It will be automatically cleared by a Sell order at the same price.

Therefore all AT sales are buys and sells at the same price.

For some reason only one side of the match is recorded as a buy or sell - whichever was placed on the order book first.

That is my understanding anyway.

[highasakite] 24/2/2017 15:58

The buyer has just bought another 34500 and the offer price jumped to 70.75p from 69p

These are buys.

[forwood] 24/2/2017 15:56

And the seller is still there with his 34,500 repeat order!

Ah - just gone, well well!

[forwood] 24/2/2017 15:55

You are being rude. I repeat, there is a perfectly good explanation on this website here:

[dan de lion] 24/2/2017 15:54

They were offered for sale at 69p someone bought them, so they were sold but the buyer was happy to pay that price

[forwood] 24/2/2017 15:51

And they are sells. FACT.

If you were a little more polite and less so sure of yourself you might learn something.

[highasakite] 24/2/2017 15:48

The trades at 69p are buys. FACT.

[forwood] 24/2/2017 15:47

I have spent some time trying to explain to you how the order driven market system works, as simply as possible. I'm sorry if it upsets you, but that's how it is.

[highasakite] 24/2/2017 15:37

your over complicating the issue. These trades at 69p are all buys.

[forwood] 24/2/2017 15:35

It may be difficult to get your head around, but the order book is a market where traders place their orders on one side or other (see the link above). Buyers put their order on the left side (the lower price, aka the bid), sellers on the right (aka the offer). If I want to buy, I can either place my order on the book as a bid and wait for a seller to trade at my price, or I can take the offer. Retail 'O' trades (ie deals by people who don't have access to the book) buy/sell from market makers whose prices are governed by the book, and will usually be inside the bid/offer.

[highasakite] 24/2/2017 15:32

So why weren't these AT trades put through at the bid price if they sells ?????

[highasakite] 24/2/2017 15:27

Your talking nonsense.

These trades at 69p are buys.

An AT trade is not both a buy and sell but put on by one party as a sell. Utter nonsense.

[forwood] 24/2/2017 15:21

An AT trade is both a buy and a sell but they are put on by one party as a sell, and it is a repeat seller!

There's an explanation of L2 here:

[highasakite] 24/2/2017 15:14

Forwood your wrong.

The 34500 trades are all buys at 69p NOT sells.

How on earth can they be sells when the latest spread was 67.5 - 69 p and the trade was bang on the offer price of 69p ?????????