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Daytraders After Market Lounge 8th Dec, page-4

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auro

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137

08/12/16

16:22

Post #: 21205142
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Originally posted by Zaeed ↑

With the way CR8 went at the end of the day, what is the logic in putting a sale in at the auction for under 8c? Clearly it's going to do better tomorrow, and was even doing better before close. I've seen this done quite a bit recently and can't figure out why someone would do it. My only guess is that it's an attempt to drive down the price, but surely you could do that during the trading day.

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Might come down to some traders desperate not to hold overnight. Happy to take the profit and run.

Other opinions?
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