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More on Leighton
Very suspicious about what I just saw happen. About sixty or seventy small Buy orders just disappeared with no corresponding large packets of Sell orders. Normally such an imbalance would see the price rising as the horde of Buy orders were fed by the relatively small number of Sells. People wanting to buy have to get them from somewhere and in a supply and demand market there's only one way to go.
What happened was that someone came in with a very large packet of Sell "at market", so they didn't show up while I was looking, but they were just enough to satisfy the need. Thing is, this stock has just hit bottom and is slowly rebounding. For anyone to make money from such a tactic would mean that they would have to buy right at the bottom and then know that a whole bunch of Buy orders were coming along for them to sell into. 100 000 shares at a profit of (say) twenty cents each - that's a nice little earner. And it happens just after a newsletter makes a buy recommendation. Hmmm.
Pete, rapidly becoming a stockmarket bore, but taking notice.
What happened was that someone came in with a very large packet of Sell "at market", so they didn't show up while I was looking, but they were just enough to satisfy the need. Thing is, this stock has just hit bottom and is slowly rebounding. For anyone to make money from such a tactic would mean that they would have to buy right at the bottom and then know that a whole bunch of Buy orders were coming along for them to sell into. 100 000 shares at a profit of (say) twenty cents each - that's a nice little earner. And it happens just after a newsletter makes a buy recommendation. Hmmm.
Pete, rapidly becoming a stockmarket bore, but taking notice.