Forum Archive Index - February 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

Hi Phaedrus

Thanks for your message and screen shots.
I am sure the depth will be of great interest to Sharechat viewers. I had
already spotted the depth through my own brokers screen, and could see the
imbalance as it progressed over the last few days. As I said in my earlier
e-mail, I purchased a good quantity at 57c in anticipation of this move, and
so now hope to see a nice run. (They were over $3 in 1996).
I think it is also interesting for people to actually see TA in practise .
BPC volume currently 12.5 million - spread 62-63. Up 5 (approx 9%).

Andrew


----- Original Message -----
From: Phaedrus <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Thursday, February 07, 2002 3:50 PM
Subject: [sharechat] BPC


> Andrew,
>        Some further observations on BPC, particularly with regard to
market depth :- (All figures approximate, as per snapshot below)
>  There is a very large total Bid/Offer imbalance. Buyers are wanting over
7 million shares, with less than a million on offer - a ratio of over 7:1.
>  The average Buyer is wanting 37,000 shares ($23,000), the average seller
has 18,000 ($11,000). The punters wanting In are much bigger than the
punters wanting Out.
>  The volume (at only halfway through the trading day) is more than double
the average daily total.
>  60 cents was a well established resistance level. Breaking it would be a
significant event. Screen-shot, and chart below.
>
>                 Phaedrus.
>
>
>
> _____________________________________________________________
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>


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