i think the better word to describe the auction behaviour is opportunistic, or even queue jumping.
The person entering an order for 72c knew they would get filled at open as they were top of the queue. It's a desperate move, from a retailer no doubt, who feels they have to get in.
@Beaner68 if you want to read about how our SP has been manipulated over time see here;
http://asxinsights.com/2017/05/pilbara-minerals-april-2017-update/
the rest you see is just jockeying for position whilst the market is static.
60 cents, page-44
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$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 72180 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 222212 | 12 |
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