Repeat buys/sells

[munga]

does anybody know what it means when u have repeat buy/sells as with sdl today where u got a multitude of 2822 amounts ?

 

[cutz]

Re: repeat buy/sells

does anybody know what it means when u have repeat buy/sells as with sdl today where u got a multitude of 2822 amounts ?

Yep,

There have been multiple trades executed at 15.5 points, possibly a buy/sell program depending on the side.

 

[YELNATS]

Re: Repeat buy/sells

does anybody know what it means when u have repeat buy/sells as with sdl today where u got a multitude of 2822 amounts ?

I see what you mean, weird.

Last 10 Trades Print

The last 10 trades* of the security you selected are detailed below.

ASX Code: (Search for ASX Code)



All Ordinaries ASX Time Market Status Legend
4,053.6 60.7 02:29 pm, 20 July 2009 Normal Rise Fall



Sundance Resources Limited (SDL)
Date Time Price ($) Quantity Value ($) Conditions
20-07-2009 02:29 PM $0.155 2822 $437.410
20-07-2009 02:24 PM $0.155 2822 $437.410
20-07-2009 02:21 PM $0.155 2822 $437.410
20-07-2009 02:07 PM $0.155 2822 $437.410
20-07-2009 02:06 PM $0.155 2821 $437.255
20-07-2009 02:05 PM $0.155 2822 $437.410
20-07-2009 02:05 PM $0.155 2822 $437.410
20-07-2009 02:04 PM $0.155 2822 $437.410
20-07-2009 02:02 PM $0.155 2822 $437.410
20-07-2009 01:54 PM $0.155 2822 $437.410

 

[munga]

Re: repeat buy/sells

Yep,

There have been multiple trades executed at 15.5 points, possibly a buy/sell program depending on the side.

thanks
only thing i dont understand is the brokerage cost on such a small parcel would make the stock very dear

 

[cutz]

Re: Repeat buy/sells

I don't think it's weird, just a large order being broken up into smaller pieces.

 

[Trembling Hand]

Re: repeat buy/sells

thanks
only thing i dont understand is the brokerage cost on such a small parcel would make the stock very dear

No mate. Instos don't pay brokerage like a Commsec customer.

 

[cutz]

Re: repeat buy/sells

thanks
only thing i dont understand is the brokerage cost on such a small parcel would make the stock very dear

Not really, there are proper brokers out there that have the technology to do that as a single order, i assume your thinking that each parcel would cost the minimum of $19.95 for example, thats incorrect, it's one order broken up, also referred to as an iceberg or accumulate/distribute order ect.

 

[munga]

cheers for that
since the start of this post there has been another 10 trades at 2822
computer could overheat soon

 

[The_Bman]

And while probably not in this case, some brokers also offer EOD brokerage so you can buy & sell the same share as many times as you want and only pay for the first buy & last sell with any holdings carried over.

 

[ormond]

does anybody know what it means when u have repeat buy/sells as with sdl today where u got a multitude of 2822 amounts ?

Also known as a bot trade.

 

[skyQuake]

And while probably not in this case, some brokers also offer EOD brokerage so you can buy & sell the same share as many times as you want and only pay for the first buy & last sell with any holdings carried over.

Sounds very interesting for daytraders. Do you know which house offers this?

 

[cutz]

Sounds very interesting for daytraders. Do you know which house offers this?

Traderdealer have a variation of this, don't use them but i've heard good things.