sdl - a possible target for vale?, page-33

Jacky - a few comments about what you are seeing.
1. Anyone who wants to move 4 million shares is very unlikely to put it visibly on a sell line. Especially when you are a half cent away from the action.
2. More likely that a) technical traders see an opportunity to try and short the stock and they are stacking the sell side to try and drive the SP down. or b) There is an accumulator in the midst who is using their shares to pressure the price point with a small sacrifice to buy at a lower level.
If you look at the buy/sell line, huge volumes appear and disappear.

You may have noticed that while a sell can take out a strong buy line, there are bug volume buys within them. They can be the same trader playing a squeeze.

My comment is that you should not worry too much about what you think you see. Runs generally come from the unexpected.