comsec help with trades please ?, page-38

  1. 31,084 Posts.
    re: kcg - stocko (kcg up 800% in 2003) Well look at the changes to the market depth in the last 2 days a 250,000 order started off as 8c then the SP fell to 7.7c - he moved back to 7.5c and is now down around 7c (he hasnt traded but the sellers are selling down as he moves down) trying to match the bulk point of orders (7c) whats the bet that he moves all the way back to 6c then pays around 6.5c if the idiots sellers keep pushing the price down due to the gap between 7.1 and 7.7c

    He is shorting it in the hope of getting it cheaper - good tactic that is working still
 
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