If they change their offer, it will push them to the back of the queue for whichever price they choose next.
More likely the plan is to reserve the trading spot at the cost of dragging the opening price down, since the sales volume is quite high compared to the buy side.
However, I have observed these types of low ball sells being used to draw in buyers who may bid increasingly high in order to gain priority, only to pull out at the last second and ultimately causing a raised opening price.
Ann: Trading Halt, page-21
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NRZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.543M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $7.14K | 2.378M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 26529745 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 24056713 | 25 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NRZ (ASX) Chart |