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It looks good, but there shall be some retrace on monday, it is really running too quick, some crazy trading today! Trade carefully at high price!
Cheers!
Cheers!
WMT - Western Metals
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"Do the Smart Money take lunch time off?"
Only if they were forced to. Its the job of the Smart Money to accumulate (or distribute) as much of the stock as they can without disrupting the market. They will only disrupt the market if they believe they cannot be fulfilled at their current bids/offers. You also assume that the Smart Money are here in Australia. Maybe they're elsewhere and its the middle of the night? What would force a lapse during our lunch break would be if the volume on the bids/offers dried up. This would make the Smart Money stand back until volume picked up again, so its they that are doing the waiting. They may also rely on pro market makers whom would more than likely be the ones taking a luch break. I think the "lunch break" theory is a bit '80's these days...
So we're bullish are we...hmmm...one wonders why the close today was so far off the high on ultra high volume. One wonders why Wednesday was a low close on high volume, yet Thursday, being an up day, was on lower volume. It suggests the Smart Money are the sellers, not the buyers.
Only if they were forced to. Its the job of the Smart Money to accumulate (or distribute) as much of the stock as they can without disrupting the market. They will only disrupt the market if they believe they cannot be fulfilled at their current bids/offers. You also assume that the Smart Money are here in Australia. Maybe they're elsewhere and its the middle of the night? What would force a lapse during our lunch break would be if the volume on the bids/offers dried up. This would make the Smart Money stand back until volume picked up again, so its they that are doing the waiting. They may also rely on pro market makers whom would more than likely be the ones taking a luch break. I think the "lunch break" theory is a bit '80's these days...
So we're bullish are we...hmmm...one wonders why the close today was so far off the high on ultra high volume. One wonders why Wednesday was a low close on high volume, yet Thursday, being an up day, was on lower volume. It suggests the Smart Money are the sellers, not the buyers.
GreatPig
Pigs In Space
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Hi Nick,
Wednesday's volume was about 104m, and Thursday's around 93m, with the 100 day moving average around 9m.
When you're talking 10 to 11 times the daily average, is there any real significance in those volume differences? Wouldn't you just call both "high volume"?
Cheers,
GP
Isn't that splitting hairs a bit?Nick Radge said:
Wednesday's volume was about 104m, and Thursday's around 93m, with the 100 day moving average around 9m.
When you're talking 10 to 11 times the daily average, is there any real significance in those volume differences? Wouldn't you just call both "high volume"?
Cheers,
GP
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Nick Radge said:
Not sure I fully grasp your point here.. but if the lapse around lunchtime was due to international buyers then the lapse would last longer than .. 1.5 hours, unless they have a power-nap between trading.
Also I can imagine that institutional investors would be more likely to take a long term view and not be too worried about a 1-2c difference in the buying price as your average punter would be.. also if it's not institutional investors who else would be pushing these volumes? What exactly is meant by Market Makers?..
If anything, wouldn't institutional investors.. or Smart Money account for the Volume in the first place.. or do any of you have hundreds of thousands to throw around?
(only new to this but applying common sense, any insights are appreciated)
cheers
RB
CanOz
Home runs feel good, but base hits pay bills!
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Nick Radge said:
Thanks again for the insight Nick, your views are always interesting to listen to.
Cheers,
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What sort of ratios to in ground value of uranium do these explorers usually trade at?
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Hi Guys
It got a mention in the Telegraph Mirror.
It got a mention in the Telegraph Mirror.
tech/a
No Ordinary Duck
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Likely Nizar.
Im tipping a sell off straight from the bell.
My second position is likely to be sold on open if this looks the case.
Been a great trade though. There have been many over the last few months that have moved +50% in a few days.
Im tipping a sell off straight from the bell.
My second position is likely to be sold on open if this looks the case.
Been a great trade though. There have been many over the last few months that have moved +50% in a few days.
Sean K
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Very quick sell off perhaps. Friday was day traders who probably got out before the close. Any one left might not be prepared.nizar said:
tech/a
No Ordinary Duck
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tech/a said:
Well looks like from pre open that ive got that wrong (and thats not a bad thing).
Will be watching closely fo the inevitable sell off.
Maybe a bit more in the tank for those quick enough.
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Nick,
apologies for my post.. reading back through what you said and giving it more thought it's making more sense... shouldn't be so hasty when having a 'blond' moment..
RB
apologies for my post.. reading back through what you said and giving it more thought it's making more sense... shouldn't be so hasty when having a 'blond' moment..
RB
Sean K
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Maybe. Price match at 9.3 atm....tech/a said:
And the volume!
tech/a
No Ordinary Duck
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I'm not convinced with this build up.
I'm not going to hold this think Ill be close to the best for the day on open.
If I'm wrong I'll be happy to be so after the last 2 days in this.
It will test the high but thats about it in my veiw many have good profit here and will be happy to take it.
I'm not going to hold this think Ill be close to the best for the day on open.
If I'm wrong I'll be happy to be so after the last 2 days in this.
It will test the high but thats about it in my veiw many have good profit here and will be happy to take it.
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Nick Radge said:
I have to disagree on this one nick. All smart money is usually out to lunch between the hours of 1230-230, three to four times a week, and they usually go with the brokers and the market makers. The ones that are left to the market is usually one or two brokers on a trading desk and an operator to make sure nothing is out of line. If something does, then a simple phone call is all that is needed.
There is no doubt though, in most stocks, paticularly in the AO, that volume dries up over lunch.
A lot of talk about why the stock surges in the morning and goes down at lunch time and afternoon trade. That can be answered by looking at the announcements. they have a partnership with an American specialised uranium company. It seems the American traders are buy up the stock in huge amounts in the mornig and then going to sleep. So most of the buyes must be in America. The yanks must know more than us!! Take over??? Who knows.
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