AGY 8.14% 9.3¢ argosy minerals limited

General Discussion AGY, page-2280

  1. 13,693 Posts.
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    "if you go too big you'll start influencing the market - something around half a million shares or more and you'll possibly be making line wipes or at least taking out reasonable chunks of walls, which will push the price in the opposite direction to what you want"

    Please explain??

    If you bought 500k or 1M shares and took out a large chunk of a sell wall at say 20c, how would this "push the price in the opposite direction of what you want"...?
    It would actually favour your direction because it may influence others to buy also, therefore pushing the price higher....which is what you would want, to then sell into.
    Conversely, selling into a bid wall with say 1M shares may convince others to sell also, again "helping" your cause, which in this case would be to lower the price to enable a re-buy at a lower level.

    I hoped that was some kind of typo, but since it was a decent chunk of a sentence, I presume you aren't really too sure on how this works..?!?!

    ??

 
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