Posts Tagged backer
The big backer
Posted by Peter Webb in Bet Angel on May 21st, 2011
If you are active on the markets, then I am sure you may have seen this character around. If not then they appear fairly regularly recently, either trying to get filled at a certain price or just deliberately trying to stop the price from moving. I think it’s an odd strategy, as dipping in and around the markets is like playing poker. You don’t want to show your hand!
When somebody shows their hand like this then it’s an open invitation to oppose them, make their life difficult or work on other selections in the market on the basis or what they are doing on that runner. It all seems a bit odd to me, as by showing their hand they are presenting clear opportunites. So, whoever you are, thank you!
Big backer back
Posted by Peter Webb in Bet Angel on October 28th, 2009
I’m sure you have seen this from time to time, but it appears a big backer is back in the market. Southwell was subject to some unusual moves yesterday but it was at Catterick that the unusual activity stuck out like a sore thumb. Despite studying the moves yesterday, I couldn’t really see a pattern. You can see in the chart below the two big volumes spikes that occurred when the price was smashed in.
Whether you trade the favourite or not this can be very frustrating as the entire book will react to such sharp moves. It’s very difficult to predict, so I just accept that it happens. Sometimes I will be on the wrong side and sometimes on the right side. But it tends to even out in time.
