The "wimp" may have been a daytrader who decided to take a small loss as SUD was not looking as it was going anywhere.
Traders like this one have kept the SP lower than it should otherwise be. The large dumper put a negative feel about the stock. Other players, who, one would have to say, have no idea about what is going on see the price going down and large players selling. So they think "this looks dangerous - if the big players are getting out, I'd better get out too before this company goes the way of FGE or MBN." The after - effect of this herd mentality type of thinking is still being felt - but it IS wearing off, as can be seen in the renewed buying confidence and the lessening of the sell depth.
So, as I say, the large seller has gone, but the effect fo this seller on the market is still being felt. This effect is waning by the day, and I would expect SUD to trade a fair bit higher than where it is today fairly soon.
- Forums
- ASX - By Stock
- ALA
- sell depth
sell depth, page-10
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add ALA (ASX) to my watchlist
|
|||||
Last
15.3¢ |
Change
-0.003(1.61%) |
Mkt cap ! $160.3M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.0¢ | $82.79K | 539.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18124 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 108897 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18124 | 0.150 |
12 | 1004094 | 0.145 |
7 | 562682 | 0.140 |
8 | 297411 | 0.135 |
10 | 612354 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 108897 | 1 |
0.160 | 1719317 | 10 |
0.165 | 322812 | 1 |
0.170 | 327224 | 4 |
0.175 | 725336 | 5 |
Last trade - 15.46pm 12/07/2024 (20 minute delay) ? |
Featured News
ALA (ASX) Chart |