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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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.66M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.0¢ | $2.69K | 17.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14023 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 25456 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14023 | 0.145 |
2 | 17809 | 0.140 |
3 | 42833 | 0.135 |
3 | 120496 | 0.130 |
2 | 6337 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 25456 | 1 |
0.180 | 115766 | 3 |
0.185 | 25000 | 1 |
0.190 | 1962 | 1 |
0.200 | 1000 | 1 |
Last trade - 15.56pm 26/08/2024 (20 minute delay) ? |
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TG6 (ASX) Chart |