I have noticed that every time Bil price is on the increase, a trade of 7 share/27 shares is completed at a lower price. I have made backup of these completed trade and i am going to write the JSE and all parties concerned to illustrate such practice. This need to STOP!!
could be futures basket trading where byt hey go logn teh futures and short the shares (or other way round). being auto trading they just hit the bid/offer. Anything fishy would alsmot certainly have been picked up by the JSE, but contact Peter Redman at the JSE and ask him.
The same "7 share" trades happen with AGL as well. When AGL is rising you will see 7 shares being sold and when AGL is falling you will see 7 shares every so often being bought. At least this was my observation. Perhaps a Contrarian Indicator of which way the big boys are pushing the market? Or somebody thinks the number 7 is lucky? The other reason could be to stimulate the market when there is a stand-off between the sellers and the buyers where people with bids or offers may have to pay brokerage on just 7 shares so they are forced to buy or sell to fill orders?
Cant all this only happen when there is not enough actual direction,. hence it's a bit of a neither here nor there scenario !? If there were some larger orders to pass through in the week,.. they would drive old 7ball out the water no!?
I am a bit offish to SSF's at the moment. I haven't the time to watch the market closely as the trading band is too wide for my cash. Absolutely great for day traders might I add .. But I am looking for a trending shares which hopefully is going just one way, preferably up. For instance people will say that ASA is cheap at about 10000. That may indeed be true, so I really should gather some at 10000, but the way the market is trading at the moment that 10000 could be 9000 in a months time or sooner with margin calls to my account. Hard to predict the market when the volatility supersedes value ... It would be interesting to know who this person is that trades with 7 shares and what their reasoning is behind this practice.
I think you are wasting your breath complaining to the JSE. The market is where the big boys control the market. You ten cents worth of complaints will come to nought. See how DB and other warrant/wave "market Makers" rig the market in their favour. I assume the same happens in the futures market. A big financial institution trader can take a long/short position in a future/warrant, then make the market move in the required direction, with this 7/3/27 share strategy. Last year there was supposed to be a meeting of all issuers of warrants to address their techniques, spreads, market making - it did not even happen!