There appears to be a 'minus one cent' buy order that continuously moves up and down in tandem with the spot price. Typically this order is around 20k-30k shares. this order never makes it to the spot price or deal price level and is mysteriously always one cent lower than the spot price i.e 'minus one cent'.
This creates an impression that there is an immediate buyer for the stock at 'minus one cent' level but it appears that this order never gets executed or probably thats the plan that someone has in mind.
If we take this 'minus one cent' order out of the picture then there is not much buying volume.
Your thoughts guys. DYOR. Have a good weekend.
'minus one cent' buy order mystery
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Last
$1.47 |
Change
0.020(1.38%) |
Mkt cap ! $1.065B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.46 | $1.380M | 939.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 24963 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 25376 | 54 |
View Market Depth
| Last trade - 15.28pm 12/07/2024 (20 minute delay) ? |
| HLS (ASX) Chart |