Australia's largest stock trading and investment forum Australia's #1 stock forum

TIH

Click for more information

0.00%

0.0¢ tillegrah limited

Yes but ...very good example (and one of my favorite tricks,...

First 42 Last

Share
Profile

Follow
missBhaven

317 Posts.

30/06/16

08:05

Post #: 18156391
Share

Originally posted by olderwiser ↑

The low sell price bid @.4c is a method of queue jumping, for sellers that are at the back of the .5c sell queue. It is used in the prestart and post close auctions.
It works due to a quirk in the way matching is done in the auctions.
Simply if sell volume in this case at .4c is lower than buy volume at .5c the sale goes through at .5c
It can be a risky strategy, if the volumes on either side change so that the buy volume at .5c is less than the sell volume at .4c the sale goes through at .4c
It can be hard to follow the concept, so I will show a simple trade example
Sells 100 @ .4c Buys 101 @ .5c sale goes through @ .5c
Sells 100 @ .4c Buys 99 @ .5c Sale goes through @ .4c
As you will have seen in the start this morning all sales including the .4c sell went through at .5c. So It worked for the seller today

Expand

Yes but ...very good example (and one of my favorite tricks, thanks for letting everyone else in on it #$%&*)
You are correct but in this case the seller was chasing 0.006c
The open estimate was hovering between 0.005 and 0.006

LWP Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 3 more messages in this thread...

First 42 Last

Add TIH (ASX) to my watchlist