How a Share Price is Moved (or Controlled) The following does not apply to Stocks which are traded via the SEAQ system and SEAQqx semi automatic system. The following “only” applies to Stocks which are traded via the SETS system, and applies for “every” size of Market Capital from the top FTSE 100 Company to the lowest FTSE All Shares Company. There are “two” types of trading running in parallel on SETS traded Stocks. OT’s (ordinary trades) and AT’s (automatic trades) “ONLY” Automatic Trades can trade “directly” with the Book Ordinary Trades “cannot” trade directly with the Book but instead trade via an “intermediary” who is a Designated Market Maker . . . who your Broker Buys and Sells with The O trade is Designated Market Maker so his ID appears on the Book Not trading directly with the Book, Ordinary Trades cannot directly “move” the Share Price . . but if the O trade Designated Market Maker has to “distribute any excess shares he has via the Book” or “Buy from the Book” O trades The Book consists an amount of Orders with each Order containing various volume of Shares “Buy Limit Orders” on the Bid “Sell Limit Orders” on the Ask Each Order consists of an amount of Shares (volume of Shares) Depths = are the amount of Orders on the Bid and Ask. Volumes = are the total amount of Shares in each Order on the Bid and Ask Each Order on the Book belongs to either a Designated Market Maker, who’s ID appears on the Book and is visible to Retail Level 2 users, or a Specialist Liquidity Supplying Market Makers who’s ID is invisible to Retail Level 2 users If the Bid volume or weight is “low” and the Ask weight is “high” . . . then that Stock will be trade downwards If the Ask volume or weight is “low” and the Bid weight is “high” . . . then that Stock will be trade upwards. The “volumes or weights” consists of Large Sized Orders placed on the Bid and/or Ask and they can be changed in an instance if expected or unexpected News arrives, causing a sell off or buying frenzy. (remember the Japanese tsunami which caused all stock to fall) The controlling volumes or weights “generally” belong to the Lead Designated Market Maker who is generally the House Broker, “but” as there are many interested parties on every stocks Book, when Orders are being Sold or Bought via the Book, the Controlling Volumes and Weights do/can belong to the Designated Market Maker who is processing the Buy or Sell Order. If a Stock is showing a Large Bid Volume & Depth . . and . . a lower Ask Volumes & Depths then there is a Sell Order being processed through the Book. (a stock cannot rise substantially unless a Sell Order is being processed through the Book) If a Stock is showing a Large Ask Volume & Depth . . and . . a lower Bid Volumes & Depths then there is a Buy Order being processed through the Book. (a Stock will not fall unless a Buy Order is being processed through the Book) There are a set amount of Shares in Issue so :- For every Buy there has to be a corresponding Sell For every Sell there has to be a corresponding Buy So all said, I “cannot” stress enough . . . it’s simple . . the trading direction of every stock Up & Down. . . is caused by the ever changing Volumes & Depths showing on the Book. And . . guess what . . . if you want to know the trading direction of any SETS traded LSE Stock, the only way of getting it is from knowing the Volumes & Depths on a Level 2 Platform PS. the SETS method of Stock Trading is used on most Stock Exchanges & Bourses around the world, albeit with some modifications on some exchanges.
Transactions in Own Shares RNS - Transaction in Own Shares Best Regards @ValueSeeker8
Closing Prices Close . . . . 243.00 Open . . . . 244.00 High . . . . .245.50 . . . 11.20.22 . . AT Low . . . . . 232.55 . . . 16.10.36 . . OT MD Auc . . 4,908 @ 242p LSE Vols . . . . 883,701 . . . 419 trades AT trades . . . 363 . . 86.64% OT trades . . . 56 CP . . . 51,321 @ 233p FTSE 100 7,101.38 -26.80 -0.38% Brent Crude . . . $59.41 . (-0.51) . (-0.85%) . . . 15 mins delayed)
Level 2 Also I have a Hospital Appointment at 3.30pm so I may be late with the Closing Prices
Level 2 AT’s trade completely independently of OT’s The Sell off is being caused by the high Ask weights low Bid weights on the Book 272,709----375,049 . . . volumes 36—50 . . . Depth = the amount orders on both sides When they are ready, those who caused the rise to the 250’s and who reverse their Bid & Ask weight Orders to a heavily weighted Ask, will again reverse their Orders and another rise starts
Level 2 MikeyAdmin: Spread 240-----241 . . . Mid 240.5p . . . stop!! Well, it did not stop! A large ordinary trade (marked as sell by SM) seems to have sparked a series of AT trades: GKPTrades1.JPG651x597 72.9 KB The SP continued to drop to 236.5 - 237.5 as of 13:28 Best Regards @ValueSeeker8
Level 2 Close . . . . 243.00 Open . . . . 244.00 High . . . . .245.50 . . . 11.20.22 . . AT Low . . . . . 240.36 . . . 12.03.31 . . OT . . AT @ 241.5 MD Auc . . 4,908 @ 242p Full 293,152-------387,066 . . . heavy weight on the Ask is causing the drop 38----44 LSE Vols . . . . 300,070 . . . 74 trades . . . 163,070 of that has been the Buy Back trade AT trades . . . 54 OT trades . . . 20 Spread 240-----241 . . . Mid 240.5p . . . stop!!
Opening Prices 1st Auto Trade . . . 300 @ 244p . . . 09.40.27 OP . . 244p
Level 2 Possible 09.22.07 . . . 163,070 @ 243p . . . £396,260.01
Opening Prices FTSE 100 . . . 7,124.81 . (-79.16) . (-1.10%) Brent Crude . . . $60.00 . (-0.30) . (-0.5%) GKP . . . 123,289 @ 243p . . . . . . . . . . . . . . . . . . . . . . . . . FTSE 100 . . . 7,164.30 . (+36.12) . (+0.51%) Brent Crude . . . $60.21 . (+0.29) . (+0.48%) . . . (15 mins delayed) GKP . . . No Opening UT . . . 1st AT will be the OP PEEL @ 238.5-----250.5 CANA @ 237----249 4 x 25,000 @ 236p, 235p, 231p, & 228p, 35,000 @ 222p and 40,000 @ 220p on the Bid 3 x 25,000 @ 255p, 256p, & 231p, 30,000 @ 265p, 50,000 @ 283p, 20,000 @ 276p, 40,000 @ 285p on the Ask Please note that the large controlling weights total 175,000 on the Bid and 215,000 on the Ask. Those large weights are how the direction of trading is controlled on “all” SETS traded stocks
Transactions in Own Shares RNS - Transaction in Own Shares Latest Figures: Boughtback today 159,623 shares for £397,461.27 vwap = 249 p Total So Far = 4,437,799 shares for £10,339,672.87; vwap = 232.991 p Best Regards @ValueSeeker8
Closing Prices Close . . . . 250.00 Open . . . . 249.00 High . . . . .251.00 . . . 09.23.03 . . OT Low . . . . . 242.00 . . . 15.49.34 . . AT MD Auc . . 10,295 @ 246.5p LSE Vols . . . . 615,709 . . . 331 trades AT trades . . . 246 . . 74.32% OT trades . . . 85 CP . . . 123,289 @ 243p “Because the Sell Order has finished in my opinion we could see a slow retrace to lower levels possibly the low to mid 240’s.” FTSE 100 . . . 7,124.81 . (-79.16) . (-1.10%) Brent Crude . . . $60.00 . (-0.30) . (-0.5%)
Level 2 Close . . . . 250.00 Open . . . . 249.00 High . . . . .251.00 . . . 09.23.03 . . OT Low . . . . . 246.50 . . . MD UT MD Auc . . 10,295 @ 246.5p Full Book 200,941-----309,50 38-----47 It is the change in the weights which are steadily forcing the Price lower, which may be being placed by WINS to aid his Buying to fill tomorrows OT request from PEEL. PEEL may be placing a daily Order of around £400,000 with WINS, so if the price is lower there may be close to 165,000 tomoz, though todays Vols are down at the moment so bets are still off LSE Vols . . . . 211,692 . . . 40 trades . . . and one of them was todays 160,000 @ 249p AT trades . . . 21 OT trades . . . 19 Spread 246.5-----248.5 . . . Mid 247.5p
Level 2 08.21.43 . . . 160,000 @ 249p Considering the price yesterday only briefly went down to 249.73p the price of todays Buy Back is a surprise
Opening Prices FTSE 100 . . . 7,208.30 . (+83.30) . (+1.17%) Brent Crude . . . $60.85 . (+0.82) (+1.37%) GKP . . . 70,402 @ 250p . . . . . . . . . . . . . . . . . . . . . . FTSE 100 . . . 7,177.06 . (-26.91) . (-0.37%) Brent Crude . . . $60.10 . (-0.20) . (-0.33%) . . . (15 mins delayed) GKP . . . 7,853 @ 249p PEEL @ 244----256.5 CANA @ 242.5----254.5 2 x 20,000 @ 238p & 237p, 2 x 20,000 @ 232p, 30,000 @ 223p and 40,000 @ 220p on the Bid 2 x 25,000 @ 257p & 259p, 30,000 @ 266p, 25,000 @ 267p 50,000 @ 284p and 40,000 @ 285p on the Ask Full Book at 8.01am 255,615-----324,210 30----33