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4.40%

9.5¢ mgm wireless limited

That should be obvious enough and it works both ways of course.

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chuk

7,244 Posts.

168

16/01/19

14:27

Post #: 37132757
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Originally posted by Klutch ↑

Originally posted by Goblin
Of course it has an impact on price. That's why we're such such wild swings and it currently stabilising up 20 cents from its lows. Just wait until when the buy depth exceeds sell depth imho.
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?

What if i had 2.5m shares and every time the price reached $3.50 i would sell some of my shares until i completely exhausted my position, effectively keeping a ceiling on the price.

Given the liquidity of the stock it would take some weeks, perhaps even months for that sell through to occur and yet that wouldnt shop up on your screen.

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That should be obvious enough and it works both ways of course.

MWR Price at posting: $3.15 Sentiment: Buy Disclosure: Held
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