They buy say $501 shares and then sell $500. Yes each trade comes with a cost, but they can sit on this one share for years waiting for a SPP to be announced. Some people basically own one share in every small cap on the ASX.
RAC - Charts & Price Action, page-17868
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 (20min delay)
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Last
$1.58 |
Change
0.060(3.95%) |
Mkt cap ! $267.6M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.56 | $105.5K | 66.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3184 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 300 | 1 |
View Market Depth
| Last trade - 15.48pm 08/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |