I Found it!
May. 18th, 2004 09:33 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
skyringRemember how I was puzzled over some odd behaviour on the stock exchange the other day? Well, a bit of the answer arrived yesterday in the form of a sample of the newsletter that hit me by accident last week. I'd accidentally got an e-mail summary of the thing and one of the BUY recommendations was Leighton, which tallied well with my own research. I bought up $20 000 worth, which I happened to have in OneSteel, which they had recommended as a SELL. Made a few hundred dollars on the deal.
The next day, on opening time I was astonished to find about a hundred parcels of around a thousand BUY orders for Leighton sitting on the market. Lots of little orders. Little in the sense that normal parcels are around three or four times bigger, these were still seven or eight thousand dollars worth each. As I mentioned, they got snapped up by someone who sold all these shares in precise lumps, which was odd, because the stock had onle spent a few days below that price in the past year so to make a profit you'd have had to bought at the right time and price.
Anyways, I got the full printed newsletter yesterday. They have various sample portfolios for their subscribers, recommending shares to buy and sell for Starter, Growth, Income and Defensive investors. They had four BUY recommendations for Leighton at 766, 894, 1 020 and 894 shares respectively. Obviously there are about a hundred subscribers who follow this advice religiously and they were the ones who showed up when the market opened.
The thing is, there is the e-mail summary, the version on the website, and the printed copy mailed out to subscribers. The printed version is mailed out, so what I reckon happens is that someone checks out the web version, takes note of the recommendations and makes purchases or sales in the expectation that the following day a hundred people will be leaping into the market, having arrived home, read their newsletter and made their BUY/SELL orders overnight.
This could be worth knowing a few hours in advance that a million dollars worth of shares are going to be bought or sold. The newsletter comes out fortnightly - will take note of what happens next time around.
The next day, on opening time I was astonished to find about a hundred parcels of around a thousand BUY orders for Leighton sitting on the market. Lots of little orders. Little in the sense that normal parcels are around three or four times bigger, these were still seven or eight thousand dollars worth each. As I mentioned, they got snapped up by someone who sold all these shares in precise lumps, which was odd, because the stock had onle spent a few days below that price in the past year so to make a profit you'd have had to bought at the right time and price.
Anyways, I got the full printed newsletter yesterday. They have various sample portfolios for their subscribers, recommending shares to buy and sell for Starter, Growth, Income and Defensive investors. They had four BUY recommendations for Leighton at 766, 894, 1 020 and 894 shares respectively. Obviously there are about a hundred subscribers who follow this advice religiously and they were the ones who showed up when the market opened.
The thing is, there is the e-mail summary, the version on the website, and the printed copy mailed out to subscribers. The printed version is mailed out, so what I reckon happens is that someone checks out the web version, takes note of the recommendations and makes purchases or sales in the expectation that the following day a hundred people will be leaping into the market, having arrived home, read their newsletter and made their BUY/SELL orders overnight.
This could be worth knowing a few hours in advance that a million dollars worth of shares are going to be bought or sold. The newsletter comes out fortnightly - will take note of what happens next time around.
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Odd music.
Date: 2004-05-17 05:36 pm (UTC)I'm on a Macca kick at the moment, ripping all my CDs into a music player and getting full of cobbers and shielas and galahs and mongrels and stuff. Great fun!