No I get it.
How many shares were available at .20 cents higher? Check how many bought at $6.85.
For some reason you think you can just sell as many shares as you like at $6.85. There may have only been $200,000 traded at $6.85, these are real people with real orders you need to buy off. Therefore your profit is not 20 cents x Number of shares you have. It's 20 cents x the number of shares available at that price.
That's why you need to look at VWAP.
It's fine, 40 years in the market and you still don't understand.
Ann: WBC: Westpac Group completes Zip Co Limited Institutional Of, page-74
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Last
$1.68 |
Change
0.000(0.00%) |
Mkt cap ! $2.126B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.78 | $1.67 | $42.40M | 24.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 79429 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 11028 | 4 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |