ZGM 0.00% 0.6¢ zamia metals limited

always interesting to see a 1 million bid

  1. 13,013 Posts.
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    I have to wonder when I see such a large bid placed so early on the trading day.

    1. Is it a fake bid that will be removed before open?
    2. Is it a fake bid to raise the bid price so that a holder can offload his shares at a higher price?
    3. Maybe someone genuinely wants 1 million shares. If so, this would seem like a rather crass way of going about it. Given that it will encourage others to jump in above what is a relativley illiquid stock. I know if I wanted a million shares, I'd be buying them 100,000 at a time over a period of days....

 
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Currently unlisted public company.

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