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Market Depth analysis

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stargazer

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17 July 2005
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Hi all
Could someone be good enough to explain please.


Buyers
Number Quantity Price

5 91175 1.225
4 41531 1.220
1 6895 1.215
4 254780 1.210
6 92870 1.205
6 88980 1.200
5 96641 1.195
5 173614 1.190
4 88500 1.185
13 159600 1.180

sellers
Number Quantity Price
1.230 13361 1
1.235 299708 10
1.240 261700 11
1.245 153964 7
1.250 312809 28
1.255 478200 7
1.260 196700 10
1.265 128000 4
1.270 80077 6
1.275 88000 3

Last 10 Trades
Time Price Quantity
03:23:04 PM 1.230 108
03:23:04 PM 1.230 1,808
03:23:04 PM 1.230 109
03:23:04 PM 1.230 6,614
03:23:04 PM 1.230 10,000
03:20:36 PM 1.235 3,546
03:20:36 PM 1.230 2,954
03:19:06 PM 1.230 13,534
03:16:07 PM 1.230 3,215
03:16:07 PM 1.230 8,858

Its hard to get these to line up but can anyone explain to me what is happening here as far as market depth. These are the E TRADE market depth figures for BPT.

How do I interpret what is going on?

Is this enough info to gauge what is going on with this stock?

I read sometimes people say I was in the queue at x amount how do you work this out or know this?

Cheers
SG
 
I think you cant workout where you are in the queue on our basic setup with e trade I think you have to subscribe for another of their platforms, I think power etrade or etrade pro. Anyone correct me if im wrong.
 
stargazer said:
Hi all
Could someone be good enough to explain please.


Buyers
Number Quantity Price

5 91175 1.225
4 41531 1.220
1 6895 1.215
4 254780 1.210
6 92870 1.205
6 88980 1.200
5 96641 1.195
5 173614 1.190
4 88500 1.185
13 159600 1.180

sellers
Number Quantity Price
1.230 13361 1
1.235 299708 10
1.240 261700 11
1.245 153964 7
1.250 312809 28
1.255 478200 7
1.260 196700 10
1.265 128000 4
1.270 80077 6
1.275 88000 3

Last 10 Trades
Time Price Quantity
03:23:04 PM 1.230 108
03:23:04 PM 1.230 1,808
03:23:04 PM 1.230 109
03:23:04 PM 1.230 6,614
03:23:04 PM 1.230 10,000
03:20:36 PM 1.235 3,546
03:20:36 PM 1.230 2,954
03:19:06 PM 1.230 13,534
03:16:07 PM 1.230 3,215
03:16:07 PM 1.230 8,858

Its hard to get these to line up but can anyone explain to me what is happening here as far as market depth. These are the E TRADE market depth figures for BPT.

How do I interpret what is going on?

Is this enough info to gauge what is going on with this stock?

I read sometimes people say I was in the queue at x amount how do you work this out or know this?

Cheers
SG
Click to expand...
Buyers first line 5 buyers with total 91175 shares offering $1.225
Sellers first line 1 seller with total 13361 shares offering $1.23
Last 10 trades first line 108 shares sold at $1.23 at 3:23:04PM
Hope that helps but someone else maybe able to explain better CHEERS BB The beginner:D
 
How do I interpret what is going on?

Is this enough info to gauge what is going on with this stock?
Click to expand...
Market depth is a poor indication of anything. Its common for people to stack either side of the depth with orders they don't intend to execute to aid some other goal.

Eg. Place a few large sells a couple of ticks away from the action with the hope of shaking out some sellers to shift their offers down to help you pick up a few cheap shares.

I believe there is scope for comparitive market depth analysis to be useful, but haven't done much (any...) research on it. What I mean is comparing the volume or number of bids/offers to previous points in history.
 
Hi

Thanks for those replies. So a more advanced MARKET DEPTH is required to be able to spot some of the games that go on.

Just from a basic view i was wondering whether it had any bearing like more sellers than buyers etc. Could give a clue the strength of a price.

Cheers
SG
 
Don't forget not all trades come out of market depth. Those traders who hit the bid or ask won't even appear in the depth at all.

However, in the US where trades are executed through a market maker, market depth analysis becomes more valid. Many day traders turn this into an art form by trying to determine which MM is in control of the market at any particular time (the axe)

Coming back to OZ though where all trades are throrgh SEATS, I don't believe depth tells you anything.

fwiw
 
I don't believe depth tells you anything.
Click to expand...

Where you are in the queue.

I cant believe that people actually think they can benefit from watching depth.
Do some real analysis!!
 
Hi all

Thanks for that. This was totally a question out of curiosity rather than using it as a way of determining whether to buy in or sell etc.

Your answers have cleared it up for me thankyou.

Cheers
SG
 
If you see a huge amount coming in, say 2 billion or so, then it's worth checking up company announcements to see if directors have been buying or funds offloading.
 
Watching the Market Depths' is truly a wonderful spectacle

It is just like watching an Iceberg waiting for a Titanic

I for one never show my cards and never wait in any queue!
Sorry, but that is just the sort of guy I am!

Salute and Gods' speed
 

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