tradersams blog

definitely saw some funny action on OKN transactions today as alluded to in my earlier post.   Look at the course of sales figures for the stock on the ASX today … here is an excerpt below

This is of interest to me because my broker tells me that I cannot make purchases of shares in less than $500 lots.  Now I know small lots go through, but if I look at the days trades, there are an awful lot of ‘single share’ transactions going through – always at the ask, and seemingly pushing the price higher.  This stocks fairly lightly traded today so this does change the appearance of a tick graph.  If anyone was watching the days transactions, without noting volume, they may have thought there was a lot more activity than there really is.

Then again – maybe this is entirely normal – I just haven’t seen it before.  I’m the first to admit that looking at intraday data is something I generally don’t do.  Any comments anyone?

disclaimer – I bought this stock today, and its fair to say that the existance or not of these transactions would not have changed my view of the market, as the decision was based on yesterdays close.  That doesn’t change the fact I find it interesting.