Odd lot buys

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Stavros, spot on. The daily odd lot shorts/total odd lot sales used to be an invaluable important bottom indicator and it likely still is, even tho the parameters have changed. Occasionally I check this number series and note that very high odd lot short sales (daily) occur often, telling me that big investors are still using the odd lot pipeline with multiple odd lot orders to get executed on the next round lot transaction (position faster). This reveals a unique high anxiety to get the orders off and as such becomes an excellent sentiment indicator. The other really valuable odd lot T/A I learned is that at major stock market bottoms, Odd lotters turn into "buyers on balance" (vs odd lot sales). again, the anxiety trade to get long executions. Don't follow these indicators as much as I used to, but believe they still reflect rare events and valuable sentiment changes. I call indicators of this type "extraordinary event" indicators.