You know it is illegal to put buy orders in the market without the intention of buying.
How do I know? I had a commsec account terminated (on advice from ASIC) because I traded a share. I always had buy and sell positions in the market. As the share price oscillated I made a lot of money. I would buy at 10 cents, then sell at 11 cents, then buy at 10 cents again, and sell at 11 cents. I did this on one thinly traded share for 1 year. I told a friend of mine at a Chrissy Party (he worked for commsec) that it was a good trading share for me. My account was cancelled the next day and the ASIC rules were told to me.
Mine was funny because I always intended to buy (and I did!). And I always intended to sell when I had an order in (and I did!). So I was not shonky. And sadly shonky wins all the time. Retailers trying to buy in and out of shares are caned here in the shonky ASX. ASX / ASIC / boards / sophs are just a wild west of shonkies.
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Last
4.1¢ |
Change
-0.004(8.89%) |
Mkt cap ! $21.17M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.1¢ | $93.18K | 2.187M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 79454 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.042 |
1 | 100000 | 0.041 |
2 | 280001 | 0.040 |
1 | 360000 | 0.039 |
2 | 500000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 50000 | 1 |
0.044 | 502628 | 4 |
0.045 | 67223 | 2 |
0.046 | 600000 | 2 |
0.048 | 218015 | 3 |
Last trade - 13.05pm 15/07/2024 (20 minute delay) ? |
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