it is better for the share price if sell orders are removed if you don't really want to sell, I usually only place a sell at a higher price if I am going to be away from the screens while on business or holidays and I want to secure a sale if the share price happens to move higher in a stock without me being in front of the screen. eg, when overseas or remote area of Aus'.
On the opposite side, if people are wanting to buy at lower prices, I suspect there are many who place all their shares for sale at higher than the market is likely to go so they don't risk selling when they really don't want to. As an example, half the shares on the sell side are at 4 c or above. The same happens for the buy side in a reverse way. There's nothing unique about this for any stock, there are thousands of orders way under the buy and way over the sell average sale price. That's the market in free enterprise/free trade.
fs.
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27.5¢ |
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Open | High | Low | Value | Volume |
27.5¢ | 29.0¢ | 27.5¢ | $7.605K | 27.42K |
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No. | Vol. | Price($) |
---|---|---|
1 | 32275 | 27.5¢ |
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Price($) | Vol. | No. |
---|---|---|
29.0¢ | 22363 | 2 |
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3 | 111333 | 0.270 |
1 | 2000 | 0.265 |
4 | 57070 | 0.260 |
2 | 100021 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 22363 | 2 |
0.300 | 7941 | 1 |
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