Your comment is spot on, thank you Tony.
I can now follow the Market Depth better, rather than just a
bunch of prices.
New buyers who can understand the picture of market depth like
you, would soon take the 90 cents offered by the 14 sellers.
This will leave the 28 sellers at 91 cents who will then move
forward to be at the front que.
I can now see that the large 139 buyers would not stand a
chance to jump in at 85 cents at all, unless they change
their position in the que.
You can copy and paste, if you put your cursor to
highlight all the lines that you need to copy.
Then press Control + C to copy. Then Control + V to paste it
in your email.
Cheers,
Rini
----- Original Message -----
Sent: Sunday, 2 July 2000 19:46
Subject: [sharechat] Market depth
Rini
Hi Rini
Your example tells u there's plenty of
liqudity, limited spread ( spread = difference between bid/offer) which means
incremental movement rather than leaps & bounds; it tells you there is
good price support at 85 cents ( Large # of buyers/shares at that price), no
obvious resistance level (evidenced by lack of bunch of # sellers/shares
at a particular price) and that there are more buyers than sellers. Some
sites, like Sanfords let u see the complete list of buyers/sellers,rather than
limited to 10 lines. ie MIM at close there were 973 buyers for 11,294,644
shares, & 423 sellers with 5,388,943 shares.
Market depth is part of the picture..all else
indicating buy, I'd buy fairly promptly, maybe pay the 90 cents. If selling,
I'd be tempted to hang on awhile, the price is likely to up rather than
down..
If someone could explain how (email me) I'd
paste Sanfords depth as a comparison..I'm not a nerdish type, I have all
sorts of bother trying to copy & paste htmls.
Regards
Tony
Haddon
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