MUL multiemedia limited

u seller at 8.1c, page-5

  1. 7,409 Posts.
    31008406 (aren't we all just a number),

    Just to confirm, a U buyer or seller is someone who has a single order for at least $200,000. They can choose to have the amount they are trying to trade (U)ndisclosed (therefore a U buyer or seller). The theory behind this, is to protect the person trading from divulging the exact value of huge orders. In reality 'U's are used as a tool to scare/encourage traders/investors into buying ot selling. Rarely, at least in stocks below ASX100, have I found U bidders or sellers to be real. They are quite often, as the case in MUL, placed well away from the current market price, and if they do get hit, the U often disappears as quickly as it appeared.

    Hope this helps

    Cheers
 
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