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Savings and Investments thread
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Noooooooooooooooo !!!!!
looks like its finished at 7384.54................and I miss out by 2.04 points !!!
Congrats to @Bangkokaddick. Some dodgy Far East dealing going on ?? lol0 -
My phone uses Yahoo which must be duff, as it shows it has closed at 7359…it says “at close” but timed at 12.21…0
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More exciting than transfer deadline day 😄4
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Stewards inquest required .....😆
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Can you tell me more. What was being auctioned ?MummysLittleSoldier said:its not finished yet...auction action. CLOSE 7385 (7384.54 for the purists)0 -
Bar stewards!….golfaddick said:Stewards inquest required .....😆0 -
Congratulations, @Bangkokaddick, snuck in at the end.
For the last hour, I thought we were going to have to give that one to the professionals!
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There's always a 5 min closing auction each trading day. Regular market hours 08:00-16:30 followed by a 5 min auction period, so the official closing price is only ever known 16:35 when each stock 'uncrosses' at its closing price for the day. It's where majority of trading vol happens nowadays really, usually open to relatively large changes in price.golfaddick said:
Can you tell me more. What was being auctioned ?MummysLittleSoldier said:its not finished yet...auction action. CLOSE 7385 (7384.54 for the purists)2 -
Oof. For a few minutes there, I dared to dream. You’d think, being a Charlton fan, that I’d have grown out of that bad, soul -destroying habit by now. 🤣
congrats @Bangkokaddick in Surbiton. It’s not you who is buying my house there, is it? 😂0 -
On the same basis, I'm getting used to mid-table mediocrityPragueAddick said:Oof. For a few minutes there, I dared to dream. You’d think, being a Charlton fan, that I’d have grown out of that bad, soul -destroying habit by now. 🤣
congrats @Bangkokaddick in Surbiton. It’s not you who is buying my house there, is it? 😂
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Those last minute deals I did must have worked! That was an up and down morning. I will happily accept the big prize as a keen amateur. Thank you for the congratulations
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Looks like we might have to amend the rules then...😊. Have a closing day average or something of that ilk. Not sour grapes as it's all just a bit of fun but anyone looking at the last 20 mins of trading today will see big rises & falls not akin to "normal" market trading.MummysLittleSoldier said:
There's always a 5 min closing auction each trading day. Regular market hours 08:00-16:30 followed by a 5 min auction period, so the official closing price is only ever known 16:35 when each stock 'uncrosses' at its closing price for the day. It's where majority of trading vol happens nowadays really, usually open to relatively large changes in price.golfaddick said:
Can you tell me more. What was being auctioned ?MummysLittleSoldier said:its not finished yet...auction action. CLOSE 7385 (7384.54 for the purists)0 -
A decent explanation on auctions here ... https://aim-watch.com/project/lse-auctions-explained/
People don't realise that the stock market has never been that liquid. Ever since the central order book (SETS) was launched back in 97 (?) the volume going through it has been less than 50%, the rest being bilateral block trades between the big institutions that were merely reported later.
Auctions were introduced to improve liquidity at key parts of the the day and try to counter the accusation that most of the business is opaque and reported late. Most people don't realise they are going on. You may have noticed that there is often weird behaviour in prices between 12:00 and 12:05 - not a good time to panic sell or buy, for example.
There have always been a lot of incentives to manipulate settlement prices in any market: trader P&L, derivatives markets being very sensitive, etc. Pre-electronically, market officials would make judgements and strike out dodgy trades and even sanction traders.
Electronically we designed the algos to try to cope with this automatically. Auctions help as they are volume driven, and 'uncross' the market at the price that would give the highest volume and are really the only fair way to run an auction. But we also introduced random periods for when the auction algo would run, to minimise gaming of it.2 -
And there I was thinking it was like New Year's Day in "Trading Places".....😆😆😆WishIdStayedinthePub said:A decent explanation on auctions here ... https://aim-watch.com/project/lse-auctions-explained/
People don't realise that the stock market has never been that liquid. Ever since the central order book (SETS) was launched back in 97 (?) the volume going through it has been less than 50%, the rest being bilateral block trades between the big institutions that were merely reported later.
Auctions were introduced to improve liquidity at key parts of the the day and try to counter the accusation that most of the business is opaque and reported late. Most people don't realise they are going on. You may have noticed that there is often weird behaviour in prices between 12:00 and 12:05 - not a good time to panic sell or buy, for example.
There have always been a lot of incentives to manipulate settlement prices in any market: trader P&L, derivatives markets being very sensitive, etc. Pre-electronically, market officials would make judgements and strike out dodgy trades and even sanction traders.
Electronically we designed the algos to try to cope with this automatically. Auctions help as they are volume driven, and 'uncross' the market at the price that would give the highest volume and are really the only fair way to run an auction. But we also introduced random periods for when the auction algo would run, to minimise gaming of it.0 -
That is the settlement price, Golfie - that's exactly what it is designed to do, look through all that end of day volatility and come to a fair price.golfaddick said:
Looks like we might have to amend the rules then...😊. Have a closing day average or something of that ilk. Not sour grapes as it's all just a bit of fun but anyone looking at the last 20 mins of trading today will see big rises & falls not akin to "normal" market trading.MummysLittleSoldier said:
There's always a 5 min closing auction each trading day. Regular market hours 08:00-16:30 followed by a 5 min auction period, so the official closing price is only ever known 16:35 when each stock 'uncrosses' at its closing price for the day. It's where majority of trading vol happens nowadays really, usually open to relatively large changes in price.golfaddick said:
Can you tell me more. What was being auctioned ?MummysLittleSoldier said:its not finished yet...auction action. CLOSE 7385 (7384.54 for the purists)0 -
That's exactly what is was like on the floors. I once saw two guys in a full on punch up on the Minneapolis grain exchange. Being the mid west, I was waiting for someone to draw. They did go for a beer afterwards.golfaddick said:
And there I was thinking it was like New Year's Day in "Trading Places".....😆😆😆WishIdStayedinthePub said:A decent explanation on auctions here ... https://aim-watch.com/project/lse-auctions-explained/
People don't realise that the stock market has never been that liquid. Ever since the central order book (SETS) was launched back in 97 (?) the volume going through it has been less than 50%, the rest being bilateral block trades between the big institutions that were merely reported later.
Auctions were introduced to improve liquidity at key parts of the the day and try to counter the accusation that most of the business is opaque and reported late. Most people don't realise they are going on. You may have noticed that there is often weird behaviour in prices between 12:00 and 12:05 - not a good time to panic sell or buy, for example.
There have always been a lot of incentives to manipulate settlement prices in any market: trader P&L, derivatives markets being very sensitive, etc. Pre-electronically, market officials would make judgements and strike out dodgy trades and even sanction traders.
Electronically we designed the algos to try to cope with this automatically. Auctions help as they are volume driven, and 'uncross' the market at the price that would give the highest volume and are really the only fair way to run an auction. But we also introduced random periods for when the auction algo would run, to minimise gaming of it.4 -
Congratulations! I shall watch your postings on this thread ever more carefullyBangkokaddick said:Those last minute deals I did must have worked! That was an up and down morning. I will happily accept the big prize as a keen amateur. Thank you for the congratulations
And joking aside, commiserations to @golfaddick For most of us this is just a bit of fun but you are putting your reputation on the line so it's pretty impressive that you nearly called it spot on.
Now I'd be grateful if the two of you could please tip some shares and funds that are likely to double in value in the next 6 months!0 -
Well done #BangKokaddick, some weird last minute swings, perhaps this thread is more read than we realise 🥴🥴Bangkokaddick said:Those last minute deals I did must have worked! That was an up and down morning. I will happily accept the big prize as a keen amateur. Thank you for the congratulations0 -
Well it was close, damn close;
Just pipped to it was @golfaddick with the winner being @Bangkokaddick taking the 1st place by a whisker.
Well done everyone,
7384.54Name Level Variance % Variance Bangkokaddick 7390 5.46 0.07% golfaddick 7375 9.54 0.13% blackpool72 7400 15.46 0.21% StrikerFirmani 7355 29.54 0.40% RalphMilne 7415 30.46 0.41% PragueAddick 7350 34.54 0.47% wwaddick 7340 44.54 0.60% Daarrrzzettbum 7333 51.54 0.70% Killer Kish 7440 55.46 0.75% Exiledin Manchester 7450 65.46 0.89% Morboe 7312 72.54 0.98% gunnessaddick 7458 73.46 0.99% Housty 7466 81.46 1.10% Pedro45 7297 87.54 1.19% Fortune 82nd Minute 7280 104.54 1.42% Hoof_it_up_to_benty 7495 110.46 1.50% CAFCWest 7501 116.46 1.58% Rob7Lee 7505 120.46 1.63% Covered End 7512 127.46 1.73% Redman 7255 129.54 1.75% meldrew66 7535 150.46 2.04% cafc7-6htfc 7228 156.54 2.12% WishIdStayedInThe Pub 7544 159.46 2.16% Addick Addick 7220 164.54 2.23% Gary Poole 7574 189.46 2.57% CharltonKerry 7594 209.46 2.84% thecat 7175 209.54 2.84% Huskaris 7596 211.46 2.86% Thread Killer 7159 225.54 3.05% holyjo 7612 227.46 3.08% IdleHans 7634 249.46 3.38% LargeAddick 7647 262.46 3.55% valleynick66 7654 269.46 3.65% MrOneLung 7654 269.46 3.65% Salad 7100 284.54 3.85% KentAddick 7676 291.46 3.95% fat man on a moped 7681 296.46 4.01% @TelMc32 7080 304.54 4.12% HardyAddick 7692 307.46 4.16% Lonelynorthernaddick 7700 315.46 4.27% bobmunro 7784 399.46 5.41% No.1 in South London 6985 399.54 5.41% oohaahmortimer 6767 617.54 8.36% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 884.54 11.98% 4 -
Thanks for doing the admin on this again, @Rob7Lee
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Congratulations Bangkokaddick and thanks Rob7lee for organising everything.0
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Congrats to @Bangkokaddick for a good win and kudos to @golfaddick for putting your reputation on the line and coming out looking like an expert.1
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WishIdStayedinthePub said:
No worries, get your thinking caps on for 30th June 2022 and I'll be back in a couple of weeks!Thanks for doing the admin on this again, @Rob7Lee
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I'm well pleased with third place.
Congratulations Bankokaddick
And many thanks for doing this Rob7lee.
Much appreciated.1 -
Well done Bankokaddick 👏0
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Just like letting an extra time goal, the last couple hours of trading did me in. Congrats Bangkok…..Pedro45 said:@ralphmilne is the current favourite....only three points out!0 -
This exactly.CharltonKerry said:Congratulations Bangkokaddick and thanks Rob7lee for organising everything.2 -
I was sure the title was heading your way with a few minutes to go...StrikerFirmani said:
This exactly.CharltonKerry said:Congratulations Bangkokaddick and thanks Rob7lee for organising everything.0 -
No less than 12 punters (well, OK, 11 plus Golfie
) were more than 99% accurate. Pretty sure that it has been improving with every round..... 0 -
From 1st at half year to almost last…feel like the Nigel Adkins of this competition!!! 🤦🏻♂️😂
Congrats @Bangkokaddick and well done @Rob7Lee on keeping it all together 👍🏻0
