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mcdean

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13/10/16

19:47

Post #: 19844018
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Originally posted by martyburgo ↑

So changing the subject a little can I please ask someone with more knowledge of the markets that myself to try and explain what happened today or more importantly why it happened.

In summary
-VLA opened at $1.12 and in the first hour rose to $1.35.
- In that hour there were approximately 500,000 buy orders and at one stage as little as 11,000 sell orders.
-Then shortly after 11am the sell orders jumped to over 300,000 and as a result the SP settled back down to approximately $1.23.
-By close of business we were sitting on $1.26 with a good number of buy and sell orders.

Can anyone tell me what happened for there to be almost no sell orders at 10.50am and then a heap at 11.05am?

I would be interested in knowing for my own future reference.

Thank you in advance to anyone who would care to comment and enlighten me.

Martin.

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Hi Martin,

If you check the time on this post http://hotcopper.com.au/posts/19824794/single you will see it was mentioned on the day traders thread.
I noticed the sells increase from literally nothing to a few hundred thousand very quickly and I left my comment above.
Who knows if it had anything to do with it.?!

I've been here since March 2014, so day trading isn't my usual MO and I think it's good more people are noticing VLA right now. It may lead some of them to learn more about us and invest.

Cheers, McDean.

VLA Price at posting: $1.26 Sentiment: Buy Disclosure: Held
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