Suspicious transaction
- Thread starter ta2693
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doctorj
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Cross trades have been discussed/explained quite well here: https://www.aussiestockforums.com/forums/showthread.php?t=5964
rub92me
Don't look back
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To ta's post on MAK:
Could also be someone made a typo and realised his mistake.
I still think you're trying to read too much into a single transaction. A transaction has a buy and a sell side. In your reasoning a large transaction is suspicious if it is out of pattern. If so it is suspicious from both sides. Why did someone want to buy a big parcel, why did someone want to sell a big parcel. You don't know who the players are and whose (inside?) information is superior.
Could also be someone made a typo and realised his mistake.
I still think you're trying to read too much into a single transaction. A transaction has a buy and a sell side. In your reasoning a large transaction is suspicious if it is out of pattern. If so it is suspicious from both sides. Why did someone want to buy a big parcel, why did someone want to sell a big parcel. You don't know who the players are and whose (inside?) information is superior.
Three kinds of transaction is most suspicious from my point of view.
1st. there is no trading for a fairly long time, but suddenly a big order came out of blue. I will suspect it is a order from insider trader. Otherwise, why he come today and just chose this share?
2nd. big order get filled. if someone want to cross the bid-ask spread and fill others' order, he may be impatient. the question is what makes him impatient?
if it is small trading, it could be ppl do not really care hundreds bucks extra. but if it is a big size trading, the cost of impatience will be thousands of dollar. If the buyer or seller want to take this difference, I think he could know something we don't know.
3rd if the big order alway in and out, but not filled, we can see someone want to do something about the share. Up or down needs other information to confirm the judgment.
1st. there is no trading for a fairly long time, but suddenly a big order came out of blue. I will suspect it is a order from insider trader. Otherwise, why he come today and just chose this share?
2nd. big order get filled. if someone want to cross the bid-ask spread and fill others' order, he may be impatient. the question is what makes him impatient?
if it is small trading, it could be ppl do not really care hundreds bucks extra. but if it is a big size trading, the cost of impatience will be thousands of dollar. If the buyer or seller want to take this difference, I think he could know something we don't know.
3rd if the big order alway in and out, but not filled, we can see someone want to do something about the share. Up or down needs other information to confirm the judgment.
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Yes MPO
Looks like maybe this guy is impatient :dunno:
12:07:13 PM 0.205 12,712
12:07:13 PM 0.205 28,000
12:07:13 PM 0.205 709,288
12:05:25 PM 0.200 9,988
12:05:25 PM 0.200 7,480
12:05:25 PM 0.200 8,532
12:05:18 PM 0.205 290,712
12:05:18 PM 0.205 100,000
12:05:18 PM 0.205 100,000
12:05:18 PM 0.205 97,507
Is it the same guy order total equals 1,000,000 shares
Looks like maybe this guy is impatient :dunno:
12:07:13 PM 0.205 12,712
12:07:13 PM 0.205 28,000
12:07:13 PM 0.205 709,288
12:05:25 PM 0.200 9,988
12:05:25 PM 0.200 7,480
12:05:25 PM 0.200 8,532
12:05:18 PM 0.205 290,712
12:05:18 PM 0.205 100,000
12:05:18 PM 0.205 100,000
12:05:18 PM 0.205 97,507
Is it the same guy
order total equals 1,000,000 shares - Joined
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Let me guesss uuummmm MPO
These are sus, Cmon big boys buy em up
03:18:59 PM 0.205 2,000
03:18:59 PM 0.205 10,000
03:18:59 PM 0.205 811,235
03:18:59 PM 0.205 28,200
03:18:59 PM 0.205 45,000
03:18:59 PM 0.205 50,000
03:18:59 PM 0.205 20,000
03:18:59 PM 0.205 40,000
03:18:59 PM 0.205 1,000,000
03:18:59 PM 0.205 50,000
Total shares traded 7,152,435
These are sus, Cmon big boys buy em up
03:18:59 PM 0.205 2,000
03:18:59 PM 0.205 10,000
03:18:59 PM 0.205 811,235
03:18:59 PM 0.205 28,200
03:18:59 PM 0.205 45,000
03:18:59 PM 0.205 50,000
03:18:59 PM 0.205 20,000
03:18:59 PM 0.205 40,000
03:18:59 PM 0.205 1,000,000
03:18:59 PM 0.205 50,000
Total shares traded 7,152,435
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You will usually find that these transactions are from an institutional fund who wants to take a position (meaning not a small number of shares) and asks a broker to find the stock.
The broker will ring around, get commitments then do either a "special" or stand in the market and take stock at a price.
happens to nearly all companies and is normal practice. Nothing unusual about it, the fund just likes the stock.
The broker will ring around, get commitments then do either a "special" or stand in the market and take stock at a price.
happens to nearly all companies and is normal practice. Nothing unusual about it, the fund just likes the stock.
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Quote "Just as you said. "they are out of pattern"
I believe what Hegel said, "existence makes its own sense"
If something out of pattern, there must be a reason hiding behind.
EDE is 54c now, let us look backward, do you think 100000 buy order at 50.5c suspicious? Normally, trader buy at rumors,sell at fact. Then where is the fat buy order from? I think it is an investo. If it is an investo, the price will go up slowly but steady in fairly long term. " Unquote
Ta2693,I like the Hegel quote...very eloquent he was!
Question ,where do traders get their rumours from? Must be some leaking going on... Do brokers have a special conduit to knowledge that is not generally availavle to the rest of us?
Seriously ,would be interested in what you know about sources of rumours.I have seen it for myself so many times.Announcements might be on the radar ,but far too many people have the jump on ASX official anns.
Cheers Ya'll
I believe what Hegel said, "existence makes its own sense"
If something out of pattern, there must be a reason hiding behind.
EDE is 54c now, let us look backward, do you think 100000 buy order at 50.5c suspicious? Normally, trader buy at rumors,sell at fact. Then where is the fat buy order from? I think it is an investo. If it is an investo, the price will go up slowly but steady in fairly long term. " Unquote
Ta2693,I like the Hegel quote...very eloquent he was!
Question ,where do traders get their rumours from? Must be some leaking going on... Do brokers have a special conduit to knowledge that is not generally availavle to the rest of us?
Seriously ,would be interested in what you know about sources of rumours.I have seen it for myself so many times.Announcements might be on the radar ,but far too many people have the jump on ASX official anns.
Cheers Ya'll
--------------------------------------------------------------------------------
Not suspicious Big BWACULL: see my other post (set out below from MPO column) - shares naturally reach a point at which they, in a broader context, become desirable or undesirable. MPO is (IMO) reaching that point.
I don't think that you have missed the boat at all. MPO has a very experienced management team and has a lower price per resource unit than many competitors.
The Baillieu report (see link below) contains a very limited summary in that regard, but there has been progress since then. Its target price of .45 was being approached ( a high of .345 I think) and the stock suffered from the general international subprime problems from 9 August 2007. However, there appears now to be greater optimism that those can be contained.
Whether that is right or not (and we cannot really tell how deep the subprime problems are), it does now seem clear from the latest Chinese GDP / inflation / wealth statistics that Chinese growth and energy demands continue unabated, and Molopo is ver well placed with its Chinese JV partner and interest in the Liulin area to play a part in that. Even a minor role in the Chinese region can result in a $1 bil cap company (a 5 times increase over the curren cap).
In short the Baillieu report is conservative in its .45 estimate but does perhaps correctly call it a short term speculative buy, given the trading patterns re small cap companies. However, it is assisted by good fundamentals and that makes it a good mid / long term investment as well.
Baillieu considered the reserve / market cap ratio to be the lowest in the sector at .26. It is still in a similar position (now .21) and will stand to gain well from recovery and further interest in the Au. resource sector, a sector that is gaining increasing international interest.
Its board includes Ian Gorman from BHP, and an ability to make and exploit both international resouce connection and international investors.
In short, even if there are further subprime issues, this sector and company are well placed. I disclose shareholdings in this company.
http://www.molopo.com.au/broker_report_16_7_07.pdf
Not suspicious Big BWACULL: see my other post (set out below from MPO column) - shares naturally reach a point at which they, in a broader context, become desirable or undesirable. MPO is (IMO) reaching that point.
I don't think that you have missed the boat at all. MPO has a very experienced management team and has a lower price per resource unit than many competitors.
The Baillieu report (see link below) contains a very limited summary in that regard, but there has been progress since then. Its target price of .45 was being approached ( a high of .345 I think) and the stock suffered from the general international subprime problems from 9 August 2007. However, there appears now to be greater optimism that those can be contained.
Whether that is right or not (and we cannot really tell how deep the subprime problems are), it does now seem clear from the latest Chinese GDP / inflation / wealth statistics that Chinese growth and energy demands continue unabated, and Molopo is ver well placed with its Chinese JV partner and interest in the Liulin area to play a part in that. Even a minor role in the Chinese region can result in a $1 bil cap company (a 5 times increase over the curren cap).
In short the Baillieu report is conservative in its .45 estimate but does perhaps correctly call it a short term speculative buy, given the trading patterns re small cap companies. However, it is assisted by good fundamentals and that makes it a good mid / long term investment as well.
Baillieu considered the reserve / market cap ratio to be the lowest in the sector at .26. It is still in a similar position (now .21) and will stand to gain well from recovery and further interest in the Au. resource sector, a sector that is gaining increasing international interest.
Its board includes Ian Gorman from BHP, and an ability to make and exploit both international resouce connection and international investors.
In short, even if there are further subprime issues, this sector and company are well placed. I disclose shareholdings in this company.
http://www.molopo.com.au/broker_report_16_7_07.pdf
