DTE 0.00% 13.0¢ dart energy limited

nice looking chart, page-7

  1. 591 Posts.
    lots of comments are being made about 'fake' buying offers.

    The current BUY depth is 6,178.358.

    I have purchased 50,000 at 0.170 today.
    I have 100,000 waiting at 0.165
    I have 100,000 waiting at 0.160
    I have 100,000 waiting at 0.155

    So I am responsible for around 5% of the buy depth.

    At some level, I don't want those orders to fire, but given my understanding of the stock, and after quickly reading the whole annual report this morning, I don't mind buying, if someone else is selling - at the right price.

    If however, I buy something else this afternoon, and can't afford to leave those orders in place, then I will cancel them. Without knowing my personal situation, one could then assume that I have put in fake buy support and then withdrawn it.

    I suspect that some other investors / traders may be doing much the same as I am (but possibly doing it better than me).

    I really like the charts included in the thread, but with all charts, they need to be considered in the context of external events, such as being hit with injunction orders, delays in getting judgements from the courts, major news events impacting the industry.....

    --------
    Just got trade email before hitting post - I now own another 100,000 @ 0.165, so only have 200,000 left in the buy depth queue.
 
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