Seller depth

[whirly]

One stock I hold, PDI has done well in the last few days but now suddenly there are 52 sellers for only 133,000 shares @23. There are 2 sellers for 50,000 shares @22 and only one seller for 5,000 @26./ Any ideas what tactics are being used here or what it might mean?

cheers

[BIRMANBOY]

OMG....are you serious? Even if you did know.... what could you do about controlling their actions. IMHO trying to figure out what is behind the situation is a recipe for sleepless nights and being held hostage to rumours and speculation. Why dont you make your decisions based on what you do know not what you dont know. This just feeds into a psychology ready for panic runs where you see people following the crowd for no good reason than "well everybody else is so I better as well" . ps not trying to disparage your inquisitive nature but keep it in perspective.

One stock I hold, PDI has done well in the last few days but now suddenly there are 52 sellers for only 133,000 shares @23. There are 2 sellers for 50,000 shares @22 and only one seller for 5,000 @26./ Any ideas what tactics are being used here or what it might mean?

cheers

[whirly]

Sorry Birmanboy. I somehow mistook this for a forum in which to discuss sharetrading. Way to go if I was a newbie as the Forum Title suggests I'd certainly find your response disparaging. Seeing as I'm not Ill just assume you have no idea. For those of an equally inquisitive nature I simply found the depth interesting that's all.

W

[BIRMANBOY]

Trying to save you some sleepless nights..thats all. No offense intended.

Sorry Birmanboy. I somehow mistook this for a forum in which to discuss sharetrading. Way to go if I was a newbie as the Forum Title suggests I'd certainly find your response disparaging. Seeing as I'm not Ill just assume you have no idea. For those of an equally inquisitive nature I simply found the depth interesting that's all.

W

[whirly]

Ok. Thanks. No sleepless nights here though.

[OldRider]

I have no inside knowlege of what happens in share market trading, however, it seems apparent to me that some traders use automated computerised trading systems, and pay brokerage on a different scale to you and me, so can do what seems odd to us

Just recently I had my first taste of this, with a buy order being slowly filled regularly every 5 minutes mostly one share at a time, sometimes two or three,
thankfully the broker now summarises contract notes into one daily page, though was a bit of a nuisance wading through all the E-mails and checking.
Thankfully I was rescued by one or two others selling me normal quantities, so I don't know how long it went on for.That a lot of tiny transactions go on
all the time is easy to find out, just look at the transaction list on Stockness Monster and it won't take long to find an example

I find depth slightly useful but not in any way a reliable guide, for myself I don't often list all I want to buy or sell at once, and I am only a tiny tiddler in the market, so I think for certain there are ways of doing things by the big boys that I haven't dreamed of.

[OldRider]

A further thought came to me, in times not too far in the past there existed minimum transaction amounts. I think it was around $500.00, and for
amounts smaller than this the transaction was passed from one's own broker through a small lot broker who organized all the small parcels of a
particular company into marketable parcels and charged a higher fee to do this.

Today, I notice company annual reports still list the number of holders with an "unmarketable parcel", but in practice one seems able to sell even one share through any broker , no different to any other transaction. Are unmarketable parcels just an oddity from the past?

[percy]

I find depth slightly useful but not in any way a reliable guide, for myself I don't often list all I want to buy or sell at once, and I am only a tiny tiddler in the market, so I think for certain there are ways of doing things by the big boys that I haven't dreamed of.

Some times depth is honest,most/some times not.

[Jay]

Today, I notice company annual reports still list the number of holders with an "unmarketable parcel", but in practice one seems able to sell even one share through any broker , no different to any other transaction. Are unmarketable parcels just an oddity from the past?

There is still a minimum buy/sell quantity dpendiong on the price of the share for the likes of you and me, Oldrider, therefore I have concluded thst it must be a institution or a broker buying/selling these parcels

[trackers]

A broker I use, Interactive Brokers, allows you to place various algorithmic orders which accumulate or distribute shares over a period of time. Never used it myself, but its a good way in theory to drip feed sell or buy without moving the market.