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0.7¢ ipb petroleum limited

If you watch closely the market depth on the buy side is getting...

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phildo123

1,937 Posts.

85

05/09/18

14:06

Post #: 35428595
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Originally posted by Ekult ↑

I think you are forgetting an important factor and basing your opinion on what is the norm. The norm however does not represent all cases.

I believe here we have the exception. It is based on the very small free float, and without it, yes, you would be correct. But in this case there is not the available supply greater than the demand. That is why it hasn't fallen yet. As you can see on the depth, and as its been in recent times, the demand is much higher than the supply. Therefore it is almost impossible for it to go much lower. It would require a change of nature, that is, the demand vanishes from a dramatic change of events, like a some failure.

But there is no failure to be had here in the near future, and lack of news is certainly not it either.

Respectfully, I have to disagree this time.

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If you watch closely the market depth on the buy side is getting manipulated all the time with fake buy orders - they come then disappear after a few minutes- so in this case market depth isnt representing to much imo

IPB Price at posting: 7.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $3.532M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
8	2289788	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	1007536	3

View Market Depth

No.	Vol.	Price($)
6	4619984	0.005
7	3665280	0.004
4	2933333	0.003
3	3900000	0.002
1	2000000	0.001

Price($)	Vol.	No.
0.006	1000000	1
0.007	12096435	11
0.008	1142857	2
0.010	3154765	2
0.011	57140	1

Last trade - 16.12pm 18/11/2024 (20 minute delay)

IPB (ASX) Chart

Day chart unavailable