British Biotech 100,000,000 Trade???

dabrom

Junior member
28 0
Can anyone explain what the 100million trade was at 16:27 today.It was for less than the Bid but the price hardly moved.Will it plummet tomorrow?

Dab
 

waldorf

1
141 1
According to ADVFN it was an N trade, meaning an unprotected portfolio or a fully disclosed portfolio transaction, whatever that is ?? don't know whether a buy or a sell though. A hell of a trade, could it be a bid coming?

Col
 

dabrom

Junior member
28 0
There was another 'N' trade for 10,000,000 at 6 O'clock this morning ...again not moving the price.
????????
Dab
 

Skimbleshanks

1
2,325 16
I believe that N trades are something to do with institutions and taxation - ie they are usually very large trades, and lots take place before the end of the tax year. I think they're a bit like a roll over, and therefore they are unlikely to have too much of an effect on the price.
 

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