VUL 12.4% $4.89 vulcan energy resources limited

Up over 16%, page-16

  1. 432 Posts.
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    Hi williak,

    Buy / Sell market depth often isn't what it seems at first blush.

    Firstly, you should probably discount anything more than 5 to 10 points from current market price as this is largely noise.

    Secondly many of the larger players will not have disclosed their buy/ sell intentions until they are ready pull the trigger. These never show until they swoop in and act.

    And thirdly and possibly most sinisterly there are the large signaling bids / offers which are deliberately placed to con retail that the market is going one direction, but magically disappear if the share price approaches them.

    In summary, you can't take the buy side / sell numbers at face value.

    Hope this helps.

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