Smoke and Mirrors? Significance of small share parcels

[Out Too Soon]

Re: Smoke and Mirrors!? Significance of small share parcels

guys unfortunately you are all wrong......

LOL
No look guys your probably right & wrong. "It was me" Jim Carey , "Liar, Liar"
Barney you started by mentioning 224 shares @ ~$4, that's $896 which is exactly the type of trade I've been making over the last 15 months. I've been keeping Westpac rich. ($30/ trade) Why? you ask, well
(A) I've been learning the best way I know how. (the hard way) &
(B) I don't have much money to trade with.
I've made a few thousand profit from a beginning of ~$8K & recently have become confident enough to make larger trades i.e $3K-$5K. I don't think I've made any trade that's affected a sp. I believe there r prob many ppl like myself making these seemingly small trades, yes, if I spend $600 I need a 10% rise just to break even, a hard but good way to learn.

PS: up yours Westpac I'm changing to Netwealth. :

 

[barney]

Re: Smoke and Mirrors!? Significance of small share parcels

Thanks for all the answers above lads ................... Heres a copy of the last few trades on PMN today .............. Not a small parcel of shares, but what is the "SMALL" price of $1.24 (32,079 shares .. Late trade Crossed trade) all about? ............. did somebody press the wrong button ??? I hope not!! Cheers Barney.

Time Price Volume Cond Attrib Buy XRef Sell XRef
16:15:47 6.915 125,322 LT XT
16:12:15 1.24 32,079 LT XT
16:10:03 6.92 1 F
16:10:03 6.92 1,630 XT G
16:10:03 6.92 75,000 F
16:10:03 6.92 50,000 F
16:10:03 6.92 20,531 F
16:10:03 6.92 10,000 G

 

[2020hindsight]

Re: Smoke and Mirrors!? Significance of small share parcels

..did somebody press the wrong button ??? I hope not!! Cheers Barney.

Time Price Volume Cond Attrib Buy XRef Sell XRef
16:15:47 6.915 125,322 LT XT
16:12:15 1.24 32,079 LT XT
16:10:03 6.92 1 F

Isn't it the case that with most of the E-trades of the world, that you cant press the wrong button without getting a warning? - at least it will ask you to confirm if Im more than like 5% lower than market price. Maybe Im thinking of HSBC.

PS I reckon this is just some big boss selling some shares to his secretary trying to convince her to go on that dirty weekend.

 

[nizar]

Re: Smoke and Mirrors!? Significance of small share parcels

PS: up yours Westpac I'm changing to Netwealth. :

westpac is the WORST
im moving to etrade soon (POWER etrade)
let me share a story: the other day i wanted to place a stop on a trade, and i went to conditional orders immediately after i bought and clicked on stop losses, and because it was my 1st time using the feature, they asked me if i read terms and conditions, u know the drill, scroll to the bottom, and click on "Iv read and understood blah blah blah" click on next BUT THEN they took me to a 20-question multiple choice quiz!! it was about the terms and conditions to show i understood and i had a go but they wouldnt let me proceed to place the stop until i answered every question correctly.
Well whadya know the sp plummeted and i lost a few Gs

that example is kinda my fault (?) but i seriously didnt expect that much hassles just to place a stop but i guess i couldve read it b4hand. yeh and westpac have heaps of other problems and its just not good enough for what i wanna do. its very slow as well.

 

[nizar]

Re: Smoke and Mirrors!? Significance of small share parcels

............. did somebody press the wrong button ??? I hope not!! Cheers Barney.

Time Price Volume Cond Attrib Buy XRef Sell XRef
16:15:47 6.915 125,322 LT XT
16:12:15 1.24 32,079 LT XT
16:10:03 6.92 1 F
16:10:03 6.92 1,630 XT G
16:10:03 6.92 75,000 F
16:10:03 6.92 50,000 F
16:10:03 6.92 20,531 F
16:10:03 6.92 10,000 G

like what happened in Japan!
but it didnt really adversely affect the sp in any way. the next trade was back to normal market price. damn that 1 share trade guy wouldve got drilled on brokerage % wise !! (i know, its probably a partly filled order or something)

 

[MichaelD]

Re: Smoke and Mirrors!? Significance of small share parcels

the other day i wanted to place a stop on a trade, and i went to conditional orders immediately after i bought and clicked on stop losses, and because it was my 1st time using the feature, they asked me if i read terms and conditions, u know the drill, scroll to the bottom, and click on "Iv read and understood blah blah blah" click on next BUT THEN they took me to a 20-question multiple choice quiz!! it was about the terms and conditions to show i understood and i had a go but they wouldnt let me proceed to place the stop until i answered every question correctly.
Well whadya know the sp plummeted and i lost a few Gs

Hmmm. Can't say I have all that much sympathy for your gripe;

1. If your trading system is so time sensitive that 20 minutes makes that much difference then you should have been monitoring the position manually whilst filling in the quiz, or you're trading positions too large for the size of your account. btw CommSec have the same quiz - I suspect it is common to all online brokers to protect us from ourselves.

2. If you were planning a system which used conditional orders then surely you would have gone through the quiz before trading the system live. I had to to enable them in CommSec (before I put the first trade on that used them).

This is not meant to sound harsh, merely to point out the reality that all our actions or inactions in regards to the market are OUR problem, not the market's problem, not the broker's problem, not the weather's problem, not the barking dog's problem, not the computer virus' problem, not the moon's problem, not the tipster's problem, not the forum's problem...OUR problem.

 

[tech/a]

Re: Smoke and Mirrors!? Significance of small share parcels

Due diligence first then place the order.

 

[spitrader1]

Re: Smoke and Mirrors!? Significance of small share parcels

This logarithmic trading must be a hard way to earn a living...
e.g today in IGO, in fact for a few days now, lots of 19 and 20 shares being traded regularly.

In the clip below...
@ 11.32 bid 5.04 ask 5.08 buy 19 @ 5.08
@ 11.56 bid 5.05 ask 5.07 sell 19 @ 5.05
@ 12.08 bid 5.05 ask 5.09 buy 19 @ 5.09
@ 12.21 bid 5.05 ask 5.09 buy 19 @ 5.09
@ 12.43 bid 5.08 ask 5.09 sell 19 @ 5.08

its got nothing to do with making a living, its someone putting an order in a machine for a client...they cant bother to work it over the day themselves so they just hand it to the machine and hope it achieves near the vwap.

 

[Kauri]

Re: Smoke and Mirrors!? Significance of small share parcels

Algorithmic Trading...

Now I'm with it...


A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of impact on a stock's price. Large blocks of shares are usually purchased by dividing the large share block into smaller lots and allowing the complex algorithms to decide when the smaller blocks are to be purchased.
The use of algorithmic trading is most commonly used by large institutional investors due to the large amount of shares they purchase everyday. Complex algorithms allow these investors to obtain the best possible price without significantly affecting the stock's price and increasing purchasing costs.

 

[spitrader1]

Re: Smoke and Mirrors!? Significance of small share parcels

Algorithmic Trading...

Now I'm with it...


A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of impact on a stock's price. Large blocks of shares are usually purchased by dividing the large share block into smaller lots and allowing the complex algorithms to decide when the smaller blocks are to be purchased.
The use of algorithmic trading is most commonly used by large institutional investors due to the large amount of shares they purchase everyday. Complex algorithms allow these investors to obtain the best possible price without significantly affecting the stock's price and increasing purchasing costs.

RODGER THAT

 

[barney]

Re: Smoke and Mirrors!? Significance of small share parcels

Isn't it the case that with most of the E-trades of the world, that you cant press the wrong button without getting a warning? - at least it will ask you to confirm if Im more than like 5% lower than market price. Maybe Im thinking of HSBC.

PS I reckon this is just some big boss selling some shares to his secretary trying to convince her to go on that dirty weekend.

Your mind is a den of iniquity 20/20, but then again you are probably right!!

 

[emma]

Re: Smoke and Mirrors!? Significance of small share parcels

I don't think anyone has mentioned partial fills of an order - I've got 41 shares ofPBB (of a 1600 order) just before it lifted off - damn.

 

[Nicks]

Re: Smoke and Mirrors!? Significance of small share parcels

On this subject, but which doesnt fit in with a lot of everyones answers is GAS. The answer to this will give us the true answer, or perhaps another similar scenario that plays out.

GAS is subject to a takeover by APT, which has now achieved over 90% and will compulsory aquire GAS at 2.99 a share.

Over the last couple of weeks there have been purchases of 3.00, which doesnt make sense as APT will get them for 2.99 anyway.

Today, an order for 50 shares went through for 3.00. Is there anyone experienced or in the know enough to explain this and have the correct answer? I am very curious as it does not makes sense or fit in with the scenarios you guys have offered (but thanks for them, its good info).

 

[Kauri]

Re: Smoke and Mirrors!? Significance of small share parcels

Maybe the Algorithmic computer trader hasn't learnt how to disguise himself during trading halts? ..... (time is out, havn't adjusted for the eastern timezone.)