WCL westside corporation limited

fyi - strange sp situation

  1. 8,801 Posts.
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    well, I just learnt something.

    just noticed WCL Buy at 16.5c AND the SELL at 16.5c.
    so were not matching-off.

    found out reason is Buyer order is to buy shares which are offered by a Seller who is only selling thru CXA.

    so evidently the current seller at 16.5c must be thru ASX, so that Buyer will not buy those shares which are currently available at his buy price.

    ie Buyer 5,000 @ 16.5c thru CXA
    Seller 49,972 $ 16.5c thru ASX.

    PS - as I write, those 49,972 have gone thru at 16.0c !
    and that CXA buyer for 5,000 @ 16.5c is still sitting there!

    So the Seller of those 49,972 shares must have become impatient, and unloaded them to the next best buyer thru ASX - which was at the price of 16c ?

    what a crap system!
    imho, that's not a fair market, or efficient market - it makes two classes of sellers.
    so that mean
 
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