KSX 0.00% 1.5¢ karmelsonix ltd

decimated...

  1. 15,276 Posts.
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    Whilst not by any means a true reflection of the state of affairs...

    The depth can at times provide a decent exit poll and a clear indication of the state of play of the free-float, even if only in terms of counting "swing voters".

    Tonight we have the grand total of just 1,537,169 shares remaining in the depth all the way up to infinity!

    Whilst clearly there will be many on the sidelines prepared to sell, we have not in recent times ever seen the depth so decimated at the close on any given day!

    What remains in the depth tonight represents just 10% of the number of shares traded today, suggesting if incentive existed to run the price higher...for what ever reason...it would not bee too hard a task at this point.

    How high and why is not entirely clear however.

    Cheers!
 
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