Yes and another 34 "people" want to sell at $1.20 and 17 at $1.25 and 20 at $1.30
Can anyone see a pattern
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Yeah looks suss, and you might very well be on to something there. If so, weāll spotted. It certainly looks like people trying to inflate the sell side with orders that they probably will pull just before they get in range of firing.
One of my favourite pastimes, in investing, is trying to understand market psychology, not to be confused with market sentimentānot working out which direction the market is headed but rather the reasons behind why the market is reacting the way it is.
Actually I do,this in general life interactions also. Most times the why is much more important than the what!
A lot of people fixate on artificial share price values and turn them into barriersāmultiples of dollars, or next decile for instance. Multiples of 5c are yet another artificial barrier. I think they exist because people can easily divide by them and count by them.
They really are meaningless but gain some significance by the shear number of people who afford them credibility.
Itās quite noticeable, and repeatable, how orders stack up at these artificial barriers and burn through them quickly once the orders have been exhausted.
I live by the edict of āif you want something, buy itā, and it corollary of āif the reasons for buying something disappear, sell itā. When I see an opportunity, I will buy or sell irrespective of the share price. Itās the fundamentals, the science, and the usefulness of something that concerns me more than the share price.
Trying to time the market will simply keep you out of a lot of great investments. saving a couple of percent on entry and/or exit is completely meaningless when that share 10- or 100-bags.