The 50,000 NXXT trade that happened a few minutes ago was an internal crossing for a broker. What are the odds that when the broker received the buy order from a large client, looked at the trading price, waited until it went lower, (or pushed it lower), then bought everything in sight to fill it, hence the sudden spike in buying today.
They are making money from buying off the accumulating bot plus brokerage. Then when accumulated enough, in account A does the sale to client B as special crossing NXXT.
Otherwise how would the broker fill a request to buy $1m worth of WA1. I very much doubt they had 1 client wanting to sell exactly 50k shares and another wanting to buy 50k shares on same day, unless it's just a EOM adjustment between accounts for a large client, but we have 2 more days for those...
Must be getting very close to next announcement, setting direction for next month or so...
General discussion, page-7902
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Last
$16.45 |
Change
0.760(4.84%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $15.40 | $16.71 | $15.26 | $4.950M | 306.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $16.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.53 | 410 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |