Trading Analysis - 24th Oct 2018

Alfacomp

24 October 2018

2:00PM


Fairly balanced trading before 11am though the lack of any effect in the Bid or Ask following the 200K Sell at 10:05 and similarly again at the arrival of a duplicated pair Sell at 11:26:27 leads me to suspect that there may be a significant delayed buy somewhere in between 10am and 11:30am. We shall at the end of the day, should we be permitted.


End of Day


No evidence yet of any delayed trades in the 11am gap. Despite trading between noon and the end of the day being roughly balanced (in fact a slight increase in the nett market makers position) the SP was marked down by a further 0.5p. The lack of any strong response around 3pm and the subsequent uncovering of what appear to some reasonably large (30K - 75K) PI Sells was taken advantage of by the Market Makers to mark the price down yet again.

At the end of the day though the MMs were only able to reduce their short position by around 0.23M - taking it to just a bit above 4M. However it does appear that another 0.5M First Island shares have been absorbed by the market - a significant fraction of the rather mediocre total volume of 2.5M shares traded today.



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