It is when something rockets up the way TG6 has. Day traders get pretty confident that they can take a position without necessarily having the funds to cover the trade, knowing they can offload it within the T+2 period for a profit and just bank the difference. Very common for any sudden price spikes. Another thing to watch out for if a stock flies, and just goes higher and higher (e.g. WA1), is when the 50% CGT discount comes around after 12 months from the initial price boom. Some people who bought at 20c would be sitting on massive profits as it has gone up to $10 in 12 months, and would hold off selling any before they gained the CGT discount to reduce the massive tax bill.
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Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
Add TG6 (ASX) to my watchlist
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $10.31M |
Open | High | Low | Value | Volume |
15.3¢ | 15.3¢ | 14.5¢ | $6.302K | 41.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 181962 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 181962 | 0.140 |
1 | 49311 | 0.130 |
1 | 5151 | 0.100 |
1 | 50000 | 0.090 |
1 | 6000 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 5000 | 1 |
0.160 | 3300 | 1 |
0.165 | 75000 | 1 |
0.170 | 39834 | 3 |
0.175 | 6250 | 1 |
Last trade - 14.01pm 02/08/2024 (20 minute delay) ? |
Featured News
TG6 (ASX) Chart |