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Dipping in at 60.5. Has fallen to an attractive level with a yield of 8.5%. Assuming without the income support, which will expire in 2021, the yield would be approx 6.4% which is still decent.
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26-10-2016, 10:26 AM
(This post was last modified: 26-10-2016, 10:27 AM by composition.)
Strange there is a programmed selling of 300 shares every 75 seconds for the past few days.
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(26-10-2016, 10:26 AM)composition Wrote: Strange there is a programmed selling of 300 shares every 75 seconds for the past few days.
Very strange indeed! Have never seen this kind of program selling before. Would appreciate viewpoints from somebody who can explain the rationale for this trading behavior.
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."
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29-10-2016, 12:33 AM
(This post was last modified: 29-10-2016, 12:35 AM by CY09.
Edit Reason: edits
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Most brokerages allow amalgamated trades (except Stan Chart) within the same day for the same counter.
Going by what you mentioned, that means 384 trades of 300 shares are done. At the end of the day, the brokerage will show a transaction of only 115200 shares and will just charge commission base on one transaction premise.
It also preents a massive selldown as the seller can sell slowly instead of one chunk.