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Online Share Trading

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Who buys 151 shars at 45c??

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luis
Occasional Contributor
what is he trying to acheive?, this share with all the positive news on the company as well as good results seems to just continue to slide...any ideas why?
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10 REPLIES 10
Tich
Occasional Contributor
There has been a few small batch buys?, maybe the buyer(broker) is rounding up a larger order for some client? Note the Dir Dealings report , there is a lot of buying going in lately. Very interesting, A little dig deeper is warranted.
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luis
Occasional Contributor
i know but there was no trade yesterday and this one was about 2 hours before the other trades came in. This share is well under its NAV, i recon even at 65c it is still cheap.
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luis
Occasional Contributor
On the issue of Dir Dealings, these were bought by the Group Share trust in connection with their anticipated aquisition, see the sens report on the 8th April
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Tich
Occasional Contributor
Right now I have noticed what I think is called a "Tree shake", when someone is deliberatley trying to sell the share price down this activating the automated stop-losses set on their systems. The wolf then climbs in , watch this space , i expect a rapid climb in a week or more's time. Is it also not that precious time period close to results announcement. I read about "Tree shake" activities in a good book called THE NAKED TRADER by Robbie Burns . = Brlliant book , one of my best investments.
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luis
Occasional Contributor
great, thanks for the advice!!
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saash
Super Contributor
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Not applicable
I had such a "tree shake" happen to me a week or so ago - I bought HAR at R78, it went up to R85, I had a trigger at 1.5% below, and within the space of 1 minute, the price dropped below my trigger of R83.80 and went back up to R85! This caused me to miss HAR going to R90! *****s! I guess this is how you learn - be careful with those triggers, only use them when really necessary!
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Tich
Occasional Contributor
What I suspected appeared to be the case, I bought @45 and decided to hold after the tree shake as I will only use automated stoplosses if I cant watch my stocks on a daily basis +/- x3 times a day. If I am in a position where I can't, like going on holiday overseas for a week or two and Xmas/New Year period etc..thats the only time I will. Well today Onelogix bounced back sharply after dropping nearly +/-13% in a couple of hours, definately a tree shake (metinks).
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saash
Super Contributor
I think I might try pick up a few myself at around those prices.
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Gan
Not applicable
interested in your NAKED TRADER book can you supply me with ISBN number Tks Gan
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