RDF 0.00% 95.8¢ redflex holdings limited

afr: cooper ready to fight redflex scheme, page-18

  1. LZA
    1,858 Posts.
    asf,
    the computer matches the buy and sell orders taking the highest buy and lowest sell first, and then calculates the :"indicative price" based on matching up the overlap between buy and sell prices. the opening price is therefore the same for all, but if you are not in that price range you dont get filled.

    anyway a blood bath for RDF, lots of desperate sellers at the open and the buyers standing off.
    it will take a day or so for equilibrium, but expect some rumours to spruke the price a bit.
    clearly a lot of disappoint around, call this a learning experience, not to be repeated!
 
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