That's why i don't take too much notice of the overall book as it appears - can all change in an instant and at times you can spot when it is being made to look strong (or weak) just before it switches (it did it on POG last week just as i hit sell and flipped very quickly after that!). Probably doesn't help that you have people who believe also this stopping shorting nonsense and slap high sell orders on their holding - it actually makes it appear as if there is more selling pressure if their order is directly on the book! Generally i try and take a rough snapshot of anything within 10 per cent of the current SP and even then you need to consider genuine orders versus ghosts, works for me anyway.
Everyone is wondering why the sp hasn't really budged. Just before the summer break volume was switched on and off in an instant and the sp was moved every which way whilst (I would suggest) the II's adjusted their positions.
I bet it would suit them very well if the EEAA was signed end of August and the cash hit the account beginning September but not to worry if Cam. Gov get their finger out I suspect they will still be able to make hay on some Bomono news from a newly cash rich oilie.
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