IFN 0.00% 93.0¢ infigen energy

Ann: FY16 Interim Financial Results, page-5

  1. 2,502 Posts.
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    Buyers at 47.5c and sellers at 48.5c.

    I put in a sale for a small portion of my holding at 10:35am at 48c and it instantly sold, though the depth still shows buyers at 47.5c and sellers at 48.5c.

    The trades are shown as CXXT. This is some sort of cross trade, I believe it's within the same brokerage house (in my case CommSec).

    It's this sort of manipulative high frequency trading activity that makes the ASX a rigged playing ground (like a casino) that works against legitimate investors and for the selected few (brokers who pay fees to get access to these club benefits).

    Just wanted to let you all know - it seems that there is a lot of HIDDEN interest to buy IFN at 48c at the moment that is not apparent when you look at the market depth. That would lead me to suspect that this is a solid floor for now and that the price can only go up from here.

    So anybody thinking of selling on market now to the 47.5 c line - DON'T. Put it in at 48c and you'll get it. Don't get ripped off for that 0.5c.

    Good luck to all.
    Last edited by anthony75: 25/02/16
 
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