Share Forum - Discuss JSE shares and join the Investor Challenge

Surely then shares in a stock can suddenly become frequently traded should something in the market change?  Wouldn't that make administration on this site a bit difficult?  Perhaps rather then impose a small penalty on buying price based on a stocks average volume?   

I assume R96000-00 if an offer of R3,20 a share is taken?

But if you put up an offer of R3,20 and someone sees it isn't there a chance a buyer would come in and bid on that?  Or isn't that how it works?

A bid of R1-90 seems highly unrealistic/opportunistic as the stock is currently sitting at R3-22.  I'm guessing updated figures will show the stock is a little over-valued but surely nowhere under R3-00.  Well that is my very amatuer analysis for the day

What intrigues me is the large difference between bids and offers.  I can only assume bids can carry over for days/months and those could be outdated?  That would maybe mean there is just very little demand at the moment. 

Some terminology...... A buyer "bids" to buy, a seller "offers" to sell. Very different to buying a house where a buyer makes an offer....

When executing a seller "hits the bid" as in a hammer going down and a buyer "lifts the offer". From floor trading days when a trader shouted "mine" he was buying and when you shout "yours" you are selling.

Trading is all about the bid / offer spread and the stack. Goldmans stole a lead on all other banks trading systems by offering a volume weighted traded price execution mechanism which gave traders key insight into the most popular trading levels. This is important to know, especially when you are "fishing for stops" i.e. pushing the market down and hoping that long-only traders get stopped out and push it down further, typically because you want to get in at a lower price.

P.S. I really think by having the delay and eliminating penny stocks that the system is robust enough i.e. the bid offer spread on stocks trading above R1 can't be that significant to affect performance......

I've had a request for to add Italtile to the list of available shares. Anyone have any info on trade frequency and price variations for it? Any thoughts?

Hi Patrick
Not much on the Bid and Offer list this morning (5 bids, 3 offers) -
Bid & Offer : ITLTILE(Live)
As at 03 Feb 2014 08:08
 Bids to Buy Offers to Sell
# Ord Volume Price(c) Price(c) Volume Ord
1 2 100 150 735 770 100 000 1
2 2 16 064 634 800 1 100 2
3    900 4 846 1
4       
5     

Last 30 trades - may point the way. Fair volume at 760 mark.

Last 30 trades : ITLTILE
# Traded time Quantity Price (c) Value (R)
1 31 Jan 2014 12:20 8 604 760 65 390
2 31 Jan 2014 12:16 20 000 760 152 000
3 31 Jan 2014 12:16 20 000 760 152 000
4 31 Jan 2014 12:16 20 000 760 152 000
5 31 Jan 2014 12:16 20 000 760 152 000
6 31 Jan 2014 12:16 20 000 760 152 000
7 31 Jan 2014 12:16 20 000 760 152 000
8 31 Jan 2014 12:16 5 000 760 38 000
9 30 Jan 2014 11:13 6 680 760 50 768
10 29 Jan 2014 16:15 1 630 760 12 388
11 29 Jan 2014 14:34 588 770 4 528
12 29 Jan 2014 10:26 5 050 760 38 380
13 27 Jan 2014 14:55 1 630 760 12 388
14 27 Jan 2014 09:54 4 900 765 37 485
15 24 Jan 2014 16:30 3 000 770 23 100
16 24 Jan 2014 16:30 6 000 770 46 200
17 24 Jan 2014 14:32 700 761 5 327
18 24 Jan 2014 12:50 4 500 760 34 200
19 24 Jan 2014 12:24 13 500 760 102 600
20 24 Jan 2014 12:24 1 500 760 11 400
21 21 Jan 2014 09:08 378 760 2 873
22 21 Jan 2014 09:07 5 000 760 38 000
23 21 Jan 2014 09:07 5 000 760 38 000
24 21 Jan 2014 09:07 5 000 760 38 000
25 21 Jan 2014 09:07 5 000 760 38 000
26 21 Jan 2014 09:07 5 000 760 38 000
27 21 Jan 2014 09:07 5 000 760 38 000
28 21 Jan 2014 09:07 5 000 760 38 000
29 21 Jan 2014 09:07 5 000 760 38 000
30 21 Jan 2014 09:07 5 000 760 38 000

Thanks Aragorn, seems reasonable enough to me, ABSA shows a 2.5% spread, I'd say we add it. Any more comments from the rest of the players?

ITE does not seem to be a high traded counter and does move sometimes quite a bit 40 cents at a time. The shares are tightly held by the Ravazzotti clan. I bought these shares over 3 years ago and they pay reasonable dividends. It seems that the price over the last 12 months has had a low of R 5.50 and a high of R 8.00 but it does hover around the R 7.60 price for long periods. As a counter I think it should be in the competition, but as a stellar performer I think you may well have to look elsewhere