VIT

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7.6¢ vitura health limited

Hi simonmj, Please explain why there were several 400 shares on...

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kimho22

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27/02/16

00:52

Post #: 17131311
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Originally posted by simonmj ↑

There are two types of big shareholders - the long term and the short term. It is the short term ones that are selling. Also note that the sellers may not necessarily belong to the top 20 holders. Even the bots with a 500 shares can move the market. Imagine what a 10,000 or 20,000 units sell order can do.

Four months ago, market conditions were very different. Sentiments were still good or optimistic and there is no reason for the speculators to unload this counter. Everybody was hoping this is going to be another Blackmore.

However since Jan, things started to crack. Oil price plunged, China stock market crashed and stock markets worldwide started to slide. Big speculators or traders become very nervous. Their expected rally did not pan out. Big speculators have certain levels to watch. It's a business to them and once a critical level cracked, they are forced to sell either to protect profits or to cut their losses early.

So it became a down spiral, the more they sell, the more sell levels get triggered. Notice how when the share drop below certain support, the selling suddenly accelerates. Like when $2.00 cracked, it suddenly plunged to $1.75. That's when you have stop loss order going through and the brokers need to sell at any price.

Once the sell orders are filled, the market will suddenly gap up again. This is typical of a counter will thin liquidity.

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Hi simonmj,
Please explain why there were several 400 shares on sales side for each incremental price

VIT Price at posting: $1.72 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 7.6¢		Change 0.002(2.70%)		Mkt cap ! $43.76M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.4¢	$3.823K	50.68K

Buyers (Bids)

No.	Vol.	Price($)
1	6081	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	6722	1

View Market Depth

No.	Vol.	Price($)
1	6081	0.075
2	18364	0.074
3	79413	0.072
1	194326	0.071
7	505714	0.070

Price($)	Vol.	No.
0.076	6722	1
0.077	16357	2
0.083	3454	1
0.085	6814	1
0.086	32572	1

Last trade - 16.10pm 04/10/2024 (20 minute delay)

VIT (ASX) Chart

Hi simonmj, Please explain why there were several 400 shares on...

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Hi simonmj, Please explain why there were several 400 shares on...

Top Stories

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

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Sellers (Offers)

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