A merchant arrived in a village and rented a large cage.
Then he advertised an offer of $10 each for live rabbits.
There were lots about so villagers set about trapping them and claiming their $10
A few days later there were less rabbits on the loose so he doubled the price to $20.
The villagers scrambled to find more rabbits to cash in.
Then he raised the price to $50.
Behind the scenes the village cage manager gathered some chosen villagers and said
"If I sell you the rabbits in the cage for $40 you can onsell them for an instant $10 profit."
In no time all the caged rabbits were sold.
And the merchant was never seen again.
That sir is how the stock market works.
Stock Market explained using rabbits
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 212414 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |