AUL 0.00% 28.5¢ austar gold limited

hamikPersonally I think the buyer stack doesn't really mean a...

  1. 168 Posts.
    hamik

    Personally I think the buyer stack doesn't really mean a lot.

    If I were to buy, say, 50k heads, I certainly would not put that order on the market. The sellers are frightened when they see very weak bidding volume, and they will lower their offer prices, trying to out-sell other sellers. I only need to pick up at the price that I'm happy with.

    This is exactly what is happening now.

    In a word, the sellers are the only ones that are damaging the share price.

    Cheers
 
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