Australian (ASX) Stock Market Forum

Actually not quite, I said slightly.

Apart from the last leg down where PXG is ahead of RED they are almost identical - if thats ok :(

Why didn't you answer the question?
Interesting buy of 1,000,000 @ $2.20. wonder if it stays.
 
Interesting comparison of buy volume vs sell volume !
 

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Read your statement and you may see why, how can it be similiar if is going the other way :confused:

You know what i mean surely your not that dence.
Your showing the last leg down with PXG i'm sure you can go to a chart where the last leg has gone up with it still being similar in every other aspect.
 
Why didn't you answer the question?
Interesting buy of 1,000,000 @ $2.20. wonder if it stays.

What happened to the $2.39 bid? or the other weird bids.

nothing.

Bids after market has closed aren't relevant...

What matters is bids after market has opened. It's so weird having people excited about fictitious bids. e.g. oh ther'es a bid for lynas for $2.00 at 1,000,000. It's going to open at $2 for sure!?

*opens at $1.20*
 
What i found interesting at the close of today was even tho there were a lot more sellers of smaller parcels there were 3 buyers @ 1,000,000+ shares each.
 
You know what i mean surely your not that dence.
Your showing the last leg down with PXG i'm sure you can go to a chart where the last leg has gone up with it still being similar in every other aspect.

This could go on all day.

RED is going down, PXG went down.

When RED breaks out and goes up I will locate a similiar chart.

I am just comparing similiar patterns up to the last highs and what has happened (or in the case of RED may happen) since then.
 
What i found interesting at the close of today was even tho there were a lot more sellers of smaller parcels there were 3 buyers @ 1,000,000+ shares each.

But the fact that their combined effort only moved it up 1 cent from the last trade just before 4pm says a lot imo.
 
This could go on all day.

RED is going down, PXG went down.

When RED breaks out and goes up I will locate a similiar chart.

I am just comparing similiar patterns up to the last highs and what has happened (or in the case of RED may happen) since then.

What find amusing (correct me if i'm wrong) is that your saying RED is going down by looking at a similar chart (PXG) but not necessarily as it could change and go up and retest 2.40?
I realise there are more sellers than buyers currently but what do you make of the 3 1,000,000 buys at the end of the day taking out the smaller sellers?
 
What happened to the $2.39 bid? or the other weird bids.

nothing.

Bids after market has closed aren't relevant...

As I said before, they're real. 1/2 vol done at vwap over day, 1/2 at close.

What i found interesting at the close of today was even tho there were a lot more sellers of smaller parcels there were 3 buyers @ 1,000,000+ shares each.

Supply simply SURGED out of the woodworks once size came in. I sincerely doubt the size buyers will be returning.


I realise there are more sellers than buyers currently but what do you make of the 3 1,000,000 buys at the end of the day taking out the smaller sellers?

They were eaten alive. I'd actually say the smaller sells taking out the big bids

ie. what boggo said
 
So the instos get shares at VWAP?

half is always done? I never knew this. This means the avg for the day is $2.20 for this 1 entity?

approx figures. They're buying thru the day while trying to keep price impact low, so could be a fair bit more or less shares than they want. The end of day cleans up and remainder.

VWAP to the day is nowhere near $2.20? Its 2.1112 so not much difference to close.
 
With the high volume and close below open
I'm with Boggo's analysis on RED
 
I`m out. Too much crappe here. I`ll take winnings and go elsewhere. Best of luck everyone. I`ll revisit when I feel I am not going to be taken for a ride.
 
As I said before, they're real. 1/2 vol done at vwap over day, 1/2 at close.

What were you referring to when you said they're real?

I was just pointing out that bids after market close, e.g. at $2.20 is unrealistic (refer to jancha's post)

Why would anyone want to buy RED today at $2.20 when the VWAP is around $2.11

Anyway, I don't know why ASF is so intrigued about RED. NDO and GXY more interesting in the past few days. And RMP too. Too bad not many people visit those threads.
 
Anyway, I don't know why ASF is so intrigued about RED. NDO and GXY more interesting in the past few days. And RMP too. Too bad not many people visit those threads.

Not many people visit the SFX, SIH and TRF (more 20c speccies!)threads either but you may find the techies don't get involved in what management says so there is a bit less BS about what Gus says and more doing than talking = $.
;)
 
skyquake - your're right! (never twigged until your post) that they only able to get $15m
No-one seems to comment on if its such a small amount why they couldn't access debt finance for that?
 
So they are a tad short on the capital raising $10 million.
So now what---- they finance the rest.
What if they cant get it.
They "can" some ideas?
Further hold ups
Delays
Promises.
Dont do something?

Take a wage cut?????:D:D
Call Beatle!!!

skyquake - your're right! (never twigged until your post) that they only able to get $15m
No-one seems to comment on if its such a small amount why they couldn't access debt finance for that?

Yep small cap.
Might be trading at $2
But if it can't raise $25 million
It's still seen as a small cap and
It doesn't say much about how it's
Potential is seen does it?
If you were to believe all the hype
Of potential profit.

This capital raising would have been
Way over subscribed.
He'll I'm a dumb techie and I can
See that plain as day!
 
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