Post by
15Stanmore on Nov 11, 2021 10:19am
New buyer in the market
This morning we had a single buyer through Pershing Securities in New York buy a block of 35,000 shares with a weighted average price of $1.483. They started buying at $1.45 and ran the price up to $1.50 by the time they got the order filled. Shows how the limited supply can affect the price when someone decides they want to take a meaningful position.
There is another 10,000 share open order sitting at $1.42 which looks to have set a floor on the trading today.
Cheers.
S
Comment by
Georgi on Nov 11, 2021 12:31pm
Hi Stan. Thank you for the extraordinary contribution you bring to this BB. How do you know how many shares are on the market, at what price and which broker?
Comment by
15Stanmore on Nov 11, 2021 12:56pm
Hello Georgi, I subscribe to an online trading platform which has the various level 2 data feeds. This provides a lot of useful information, although at a monthly fee that most individual traders could not justify. Cheers, Stephen
Comment by
kanerfalk on Nov 12, 2021 9:48am
Pershing seems to be buying today again, RBC the only seller...
Comment by
15Stanmore on Nov 12, 2021 10:30am
Well spotted Kanerfalk. Pershing accounts for 83% of today's purchases and RBC over 90% of the sales. Cheers. S