Thread #1,000,000 about the pre-open!

[burnzau]

G'day All,

Does anyone know what software/subscription Trembling Hand was using when he made these video's?

Or does anyone else have any recommendations for a site/software package that can give me live market depth?

Cheers,

Craig

 

[Trembling Hand]

G'day All,

Does anyone know what software/subscription Trembling Hand was using when he made these video's?

Or does anyone else have any recommendations for a site/software package that can give me live market depth?

Cheers,

Craig

Craig that software was http://www.iguana2.com.au/spark

Most brokers have live dynamic depth if you pay for it around $50 to $100 per month or trade enough to get it "free" etrade for example, https://invest.etrade.com.au/TradingTools/ActiveTraders/Default.aspx

 

[teabagger]

Hi knowers of all things pre open.

My question is regarding surplus's. If at pre open there are more buyers(or so it appears) than sellers, how/where from does a surplus come about?

Thanks folks

 

[captain black]

My question is regarding surplus's. If at pre open there are more buyers(or so it appears) than sellers, how/where from does a surplus come about?

I'm not sure I understand the question but the surplus would refer to surplus volume on either the bid or ask at the match or indicative open price.

 

[pixel]

Hi knowers of all things pre open.

My question is regarding surplus's. If at pre open there are more buyers(or so it appears) than sellers, how/where from does a surplus come about?

Thanks folks

quite simple:
If there is a bid/offer overlap during Pre-Open, the match-out price (usually labelled IAP) is the price, where the two volumes "meet". Rarely are the volumes equal, so you have a surplus of bids or a surplus of offers - which is usually referred to as a negative surplus, or "too few bids".
Say there are 5000 shares bid 20c or higher, 5010 shares offered for sale 20c or lower, then the surplus is 10 shares on the sellers' side.
If there are 5000 shares bid 20c or higher, but only 4990 sell offers, then you have 10 shares surplus on the bidders' side - or a shortfall of 10 bids.
One side's surplus is quoted as plus (I'm quite sure it's bids), the other side as minus.

 

[teabagger]

Thanks Pixel and Captain,

I knew the answer would be simple. I had a picture in my head of homeless shares until someone picked them up, where as in fact it is just an imbalance.

 

[pixel]

Here is an easy-to-follow example:
Pre-Open, MYG has 210,000 shares bid, 326,845 offered, an EquiVolume of 210,000 matched-out at 7.5c, and a surplus of minus 116,845.

 

[mattryanshares]

Start of trading bid prices way above closing price?

I just noticed on every one of my shares that i hold there are currently bids in way over the selling price or offers to sell price?

Why is this? Why are people trying to buy say LYC at 2.20 when it was selling yesterday at close at 1.95??

Are these bogus or does it just garantee they will get them for 1.95???

Hope ive explained this correctly??

 

[mattryanshares]

Re: Start of trading bid prices way above closing price?

Eg

Market Depth
BUY SELL
52 Week

Number Quantity Price
1 80 90.170
1 13 89.780
1 2 88.070
1 173 88.000
1 148 87.590
2 530 87.000
2 1,600 86.940
4 1,002 86.000
2 73 85.950
1 26 85.920
#
1
2
3
4
5
6
7
8
9
10
Price Quantity Number
80.000 7,500 1
84.390 93 1
84.900 3,700 1
85.000 3,112 2
85.750 47 1
85.800 14 1
85.860 142 1
86.000 10,179 5
86.100 115 1
86.170 150 1
High Low
88.550 58.860
Last traded time


641 buyers for 265,799 units

 

[captain black]

Re: Start of trading bid prices way above closing price?

I just noticed on every one of my shares that i hold there are currently bids in way over the selling price or offers to sell price?

Why is this? Why are people trying to buy say LYC at 2.20 when it was selling yesterday at close at 1.95??

Are these bogus or does it just garantee they will get them for 1.95???

Hope ive explained this correctly??

This thread should explain it:

https://www.aussiestockforums.com/forums/showthread.php?t=11619

 

[mattryanshares]

Not sure if this relates to this thread but i see on closing today someone has put in two bids on LYC for 3200000 and 3800000 shares 2.5 cents above the closing price.

Are these legit or will they most likely be withdrawn?? Is it illegal to put in offers and then withdraw them??

Time Price Volume Value Condition
04:14:27 PM 1.935 3,800,000 7,353,000.00 S1 XT
04:13:31 PM 1.937 3,200,000 6,198,400.00 S1 XT
04:10:59 PM 1.910 46 87.86

 

[sirpollicles]

Why do people put in premarket orders for like $1 MORE than peoples selling

example - todays premarket for IL, there is someone wanting shares offering $13, and the lowest selling price is $11.20.

Whats the dealio?

 

[sirpollicles]

Re: Why do people put in premarket orders for like $1 MORE than peoples selling

ILU**

 

[joea]

Not sure if this relates to this thread but i see on closing today someone has put in two bids on LYC for 3200000 and 3800000 shares 2.5 cents above the closing price.

Are these legit or will they most likely be withdrawn?? Is it illegal to put in offers and then withdraw them??

Time Price Volume Value Condition
04:14:27 PM 1.935 3,800,000 7,353,000.00 S1 XT
04:13:31 PM 1.937 3,200,000 6,198,400.00 S1 XT
04:10:59 PM 1.910 46 87.86

Hi.
You have focused on the price and volume.
The condition S1 XT is the explaination.
You can chase this up on the site where you got it. i.e. it is a cross trade.
There will be a list of all the conditions.
I am just about sure that it has been explained on this forum somewhere.
Cheers

 

[FreshTrader]

Full explanation here. Actually the ASX site is full of relevant information.

http://www.asx.com.au/resources/education/basics/open_Close.htm

This link was heaps helpful, thanks very much for the post, much more clear to me now.

 

[Tristan576]

Why does this occurr?

Hey guys just a quick question - at the end of most trading days the bid price rises substantially in comparison to the offer as seen in the picture.

What is the reason for this? Is it just a few people trying to sneak in at the last minute or what?

http://i1239.photobucket.com/albums/ff504/murd576/pricerise.jpg

Cheers

 

[skc]

Re: Why does this occurr?

Hey guys just a quick question - at the end of most trading days the bid price rises substantially in comparison to the offer as seen in the picture.

What is the reason for this? Is it just a few people trying to sneak in at the last minute or what?

http://i1239.photobucket.com/albums/ff504/murd576/pricerise.jpg

Cheers

https://www.aussiestockforums.com/forums/showthread.php?t=11619

 

[Boggo]

Re: Why does this occurr?

Hey guys just a quick question - at the end of most trading days the bid price rises substantially in comparison to the offer as seen in the picture.

What is the reason for this? Is it just a few people trying to sneak in at the last minute or what?

http://i1239.photobucket.com/albums/ff504/murd576/pricerise.jpg

Cheers

http://www.asx.com.au/products/calculate-open-close-prices.htm

 

[pixel]

Re: Why does this occurr?

Hey guys just a quick question - at the end of most trading days the bid price rises substantially in comparison to the offer as seen in the picture.

What is the reason for this? Is it just a few people trying to sneak in at the last minute or what?

http://i1239.photobucket.com/albums/ff504/murd576/pricerise.jpg

Cheers

google "ASX closing auction" or click here: http://www.asx.com.au/products/ASX-Trading%20hours-Market-phases.htm

 

[Ridgydidge]

hmmmm... so much to learn. This is my very first post here. I have been reading threads here for a couple of weeks, taking in all i can (Sir Iso's thread rocks ).

I have a question i believe is pertinent to this thread....

If there are more buyers than sellers at pre open can you place a buy order to market to ensure your contract is filled? eg.. before the market rises to meet the orders?

Thanks for all the people who contribute to this site. I am eager to gain as much knowledge as possible before diving into the sharemarket and am grateful for your willingness the share your knowledge