It is always interesting to observe the market depth through the day. Today someone is putting big sell orders in.
What I really wanted to draw attention to is the high end of the sell side.
There are 2,893,754 shares on offer for sale at prices more than double the current share price.
These represent sellers for prices from 8.1 cents through to 19.5 cents.
If we look at offers that are over 3 times the current trading price which represents 11.5 cents to 19.5 cents there are just under 1.9 million shares on offer.
The person offering their shares at 19.5 cents has 400,000 on the table. I would love to see them go! I think I will have to wait a couple of months at least for that to happen!
Happy trading!
For me, I just sit and wait.
Cheers, 7 of 9
APG Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
