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sirrobbo

4,013 Posts.

1342

06/07/24

18:15

Post #: 74638578
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Originally posted by slick ↑

Not trying to stir the pot but I'm not sure what you are talking about?

The data says that there wasn't a buy or sell after 3.50.38 and there was only 17 trades for the entire day of 359k units.

Fishing for bids or sells during the pre-auction minutes at 4.10 is common across all stocks (thankfully) and it's up to you if you want to use it to your advantage or not. With such low liquidity on WKT obviously the fishing didn't find anything and they moved on to another patch. (they're wanting to go home with a feed, you can't blame them).
If your not at all interested in trading (absolutely fair enough and can't blame you) then why do you even care what happens during the 2 daily auctions? And if you are interested, please learn how they work. Once you're aware of their function, you'll change your perspective of things and sleep better. We all want to manipulate the market to suit out financial gains, the old buy low sell high mantra controls that but by understanding fully how the market operates day to day will alleviate all those silly "manipulation" statements.

Guys you really need to get away from this "manipulation" theory as though underhanded illegal processes are playing out. Participants in the ASX are either building a position or closing a position and the ASX offers many ways to do it. It's as simple as that IMO. Just need to get your minds around it, accept it and move with it because it ain't going away anytime soon. Not trying to offend or start fights.

For the record.

Cheers

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Thanks slick, I think I need a crash course on the auctions also, it's just the final price that is settled on I don't quite understand but have never really participated in the auctions.

To be fair to sunrock the final auction on this particular day( I dont watch them to often but was watching for a friend), the auction was a lot of plays at 4:08 up to about 90k shares for a 12c finish all to be pulled in the end.

WKT Price at posting: 11.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.6¢		Change 0.000(0.00%)		Mkt cap ! $64.44M

Open	High	Low	Value	Volume
9.7¢	9.7¢	9.6¢	$5.771K	59.79K

Buyers (Bids)

No.	Vol.	Price($)
2	2764	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	7907	2

View Market Depth

No.	Vol.	Price($)
2	202514	0.096
6	190580	0.095
4	207400	0.094
2	58543	0.093
2	18924	0.092

Price($)	Vol.	No.
0.097	7907	2
0.098	194307	2
0.100	63928	2
0.105	75598	2
0.110	212425	4

Last trade - 15.21pm 17/09/2024 (20 minute delay)

WKT (ASX) Chart

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