James99, if you stare at the sell stack long enough, you will notice that sells come from outside the sell stack especially the larger ones. The big sellers are not sitting in the stack, they are dropping shares off-screen. I spent two months looking at the sell stack and admiring the lack of sellers. There was only one problem. Share price was going down. Since hitting 31c on 12/11/2009, NBS has been going down even though there have been hundreds of thousands of buy orders below the current price. The big one yesterday was 21.5c. All day it looked like it wouldn't be breached but it was and it ended up at 20.5c. Today it is struggling to stay at 21.5c.
I hope you are in this for a quick trade only and not an investment. Hope you make a motza either way.
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James99, if you stare at the sell stack long enough, you will...
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