Hi trishks, buddy, etc,
The restrictions brokers impose on their clients have come about as a result of Sanford being heavily fined by asic as a result of a client who ramped a stock a few years back. So the broker coped the fine and not the client even thought the broker was unaware that the client was deliberately ramping a stock. Consequently, we are all stuck with these sort of restrictions now.
Traders who repeatedly buy or sell small parcels of shares to control the price do it via a contract broker. eg ThinkMinc, TraderDealer, Amscot, etc (google). With these brokers the brokerage is applied to the total traded for the day, not each trade.
If a trader keeps pushing the sp lower to the buy side with small sell trades it is because he has a large buy order there and is trying to induce someone to sell into it. Visa versa.
Hope this helps.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.77M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 124488 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 788295 | 2 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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