Replies to post #331693 on Anavex Life Sciences Corp (AVXL)

[abew4me]

Agreed. I've heard that same scenario from another poster awhile back.

[Steady_T]

I understand what you are saying. As I understand those trades when they print they print at the average price of the multiple trades made during the day.

As I understand a MOC order, the MM sees the order and accumulates shares during the day to fill the trade at the close at the closing price.

When I had a dedicated quote T&S service I would see the trade type designator. Those types of trade were very visible. Now I use TDA for quotes and T&S and no longer get that information. Sigh.

[LBSR TO DA MOON]

A MOC order is simply a market order that is scheduled to trade at the close, at the most recent trading price. Therefore, IMO the trades of 443080 shares and 215612 shares that were reported at 16:00:00 were indeed MOC orders (with the understanding that each particular MOC order represented the total number of shares from multiple MOC buy and sell orders - which in this case were more than likely an even amount since the bid x ask barely moved). There is absolutely NO WAY in the world that these were individual buys (or sells for that matter) like some here think. If they were, with AVXL trading a total of 1.5M shares yesterday, 2 individual trades representing nearly 45% of AVXL's entire daily volume would have caused a dramatic shift one way or the other in the bid and ask!