GREY:SCSZF - Post by User
Comment by
idleSpeculatoron Jul 25, 2003 1:00pm
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Post# 6274955
RE: What kind of games are these 0.17 for 260
RE: What kind of games are these 0.17 for 260I used to ask this.
Shares are sold in lots multiples of set (a 'lot' I think) number, number depends on share price. Any sale / purchase of an amount below that number are always traded with a particular nominated house, wolverton in the case of SCS. These purchases / sales are always several cents above or below market. Notice they do not affect share price, they are ignored. Sometimes think some people intentionally buy or sell small volumes to try and trick people into thinking the market is going a particular way.
It is safe to completely ignore these trades, violume is always insignificant and the price irrelevant. I would not be surprised if whoever sold they was actually looking to accumulate, but just my opinion
Idle