View Full Version : 12 shares traded
Ponda
18-12-2009, 01:39 PM
Sorry guys, didn't know where to put this as I have a question.
Why, oh why are there numerous 12 share trades going on the the last hour on differant companies.
AEZ 12 shares @ 10.25am
WHN 12 shares @ 11.28am
FAR 12 shares @ 11.02
PEN 12 shares @ 11.18
PRW 12 shares
TSV 12 shares @ 11.26am
Any suggestions.
Discl Hold all except AEZ
dragonz
18-12-2009, 04:42 PM
Sorry guys, didn't know where to put this as I have a question.
Why, oh why are there numerous 12 share trades going on the the last hour on differant companies.
AEZ 12 shares @ 10.25am
WHN 12 shares @ 11.28am
FAR 12 shares @ 11.02
PEN 12 shares @ 11.18
PRW 12 shares
TSV 12 shares @ 11.26am
Any suggestions.
Discl Hold all except AEZ
Well spotted Ponda
But this isnt the only one. I noticed a lot of illiquid stocks also had this happening. Also they traded to the sell ( at 11.04 NZ time). Sounds like an index trader minupulating the market. The All ords was almost 2 % down. But now only 1%.
Huang Chung
18-12-2009, 06:42 PM
Also discused on HC. They came up with a far more extensive list of stocks where this was happening.
Ponda
18-12-2009, 09:03 PM
Also discused on HC. They came up with a far more extensive list of stocks where this was happening.
Yeah, I found that after I posted on here. I think that there was at least 50 differant companies that had 12 shares traded.
This what I found out and posted there.
*****************
Just spoke to my broker and he had the WTF answer.
His explaination, all be it slightly off the planet but i'll try and repeat it is:
"If a company (Share fund) has increased its client base by 12 in the last month he then goes and buys 1 share for each of his extra 12 clients."
So that will re-weight the portfolio for the extra clients.
How does that sound? To me i'm not convinced.
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