2566 shares

Strange market depth for PAN. Became really evident today when the orders thinned out after a rise. Both sides with plenty of orders for parcels of 2566. I assume the same party involved. Any theories on how this works and where the benefit is for the instigator? No parcels went through for this amount, so assume its all there for the mirage effect. I pictured if you were there to effect sentiment on market depth you would play with high volumes, so don't understand where the benefit is in this instance.

Personally I don't know a lot about PAN about from its producing Nickel and therefore responds strongly to moment in Nickel price and sentiment. I usually trade with fundamentals, but sometimes trade with some basic technical indicators that have proven good to me. PAN triggered a few of these indicators at 47 cents. Still holding and am curious with the recent trading. Aside from this pattern I noticed today, I got the feeling the stock was being accumulated in the last few weeks.

Cheers