APG 0.00% 0.2¢ austpac resources nl

Well said hummms.Dale I'll try to recreate what happened...

  1. 3,690 Posts.
    Well said hummms.

    Dale I'll try to recreate what happened although the figures won't be exact.

    It began with the Market Depth Chart

    Buy Sell
    Volume Price Price Volume

    950,000 0.175 0.18 600,000
    1,000,000 0.17 0.185 1,000,000


    Then someone put a sell order for 2,000,000 @ 0.175

    The Chart then looked like this:

    Buy Sell
    Volume Price Price Volume

    1,000,000 0.17 0.175 1,050,000
    900,000 0.165 0.18 600,000



    Notice the 950,000 on the Buy side has disappeared and the remainder of the order appeared on the Sell side.

    11 minutes later at 12.43 someone off screen bought 150,000 shares @ 0.175.


    The chart then looked like this:

    Buy Sell
    Volume Price Price Volume

    900,000 0.17 0.175 900,000
    1,000,000 0.165 0.18 600,000

    Two minutes later the dude with the 900,000 shares sold them @ 0.17

    The chart then looked like this:

    Buy Sell
    Volume Price Price Volume

    1,000,000 0.165 0.18 600,000
    1,000,000 0.16


    I hope this helps and that I haven't stuffed the figures up too much.

    Cheers Bungi2

 
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