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Morning Trading June 20, page-181

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R_Soul

10,005 Posts.

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20/06/24

11:45

Post #: 74406294
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Originally posted by PL24682468z ↑

it really annoys me how many times i've posted 'buyers have increased' on a particular stock , and then minutes after so many buyers have disappeared, making me look silly.
It's as if somebody who is here watching all our comments has decided to make me or anybody posting certain comments look ridiculous by removing either buyers or sellers from the queue as soon as the comment is made, like a cheap thrill.
Commsec and other brokers need to assess carefully who is placing orders and whether it comes from multiple buyers or the same one, when they remove 100 buyers in a couple of seconds and it's the same buyer it doesn't give people much time to react.

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and what's the big lesson out of all that?

the lesson is...The buy/sell depths are meaningless...and not to be trusted
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