"Do you really think that the orders on your screen at any...

"Do you really think that the orders on your screen at any particular point in time represent the complete list of buyers and sellers trading the stock?"

@Klutch,

Good on you for making the effort of trying to educate people on this subject.

It never ceases to astound me how many people constantly monitor the "depth" of the buy and sell orders in their screens and from that draw some or other investment conclusions about the demand and/or supply for the stock.

I really believe that, in the interests of a fully-informed market, either the ASX or the stockbroking fraternity (both, probably) should make some sort of official articulation that educates retail investors about this, so that they are not investing on the basis of misleading information.