A merchant arrived in a village and rented a large cage.
Then he advertised an offer of $10 each for live rabbits.
There were lots about so villagers set about trapping them and claiming their $10
A few days later there were less rabbits on the loose so he doubled the price to $20.
The villagers scrambled to find more rabbits to cash in.
Then he raised the price to $50.
Behind the scenes the village cage manager gathered some chosen villagers and said
"If I sell you the rabbits in the cage for $40 you can onsell them for an instant $10 profit."
In no time all the caged rabbits were sold.
And the merchant was never seen again.
That sir is how the stock market works.
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Stock Market explained using rabbits
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Last
$3.24 |
Change
-0.080(2.41%) |
Mkt cap ! $9.751B |
Open | High | Low | Value | Volume |
$3.26 | $3.32 | $3.23 | $83.81M | 25.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 106287 | $3.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.25 | 157742 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8540 | 3.240 |
16 | 66672 | 3.230 |
23 | 136451 | 3.220 |
21 | 122035 | 3.210 |
104 | 244078 | 3.200 |
Price($) | Vol. | No. |
---|---|---|
3.260 | 63026 | 2 |
3.270 | 100841 | 8 |
3.280 | 23658 | 6 |
3.290 | 20000 | 1 |
3.300 | 53630 | 10 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$3.24 |
  |
Change
-0.080 ( 2.40 %) |
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Open | High | Low | Volume | ||
$3.27 | $3.32 | $3.23 | 21533662 | ||
Last updated 15.59pm 14/06/2024 ? |
PLS (ASX) Chart |