Chewter,
They don't actually want to sell their shares, they want to push the price lower by selling a few and then putting a lot more on the sell side. Smaller/dumber investors panic and sell out. The large punters then buy what the smaller investors are selling, either straight away or after a certain trigger level has been reached.
It's M-A-N-I-P-U-L-A-T-I-O-N and it only works because UXA is a small company and there are quite a few nervous investors sitting on healthy profits. I'd love it if a big buyer came in and took out the fake sell bids but that rarely happens.
Here's a tip: Trading volume and price changes are a far better indicator of strength than market depth.
Hope that helps. :)
- Forums
- ASX - By Stock
- sell depth
Chewter,They don't actually want to sell their shares, they want...
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UXA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online