DNA 0.00% 2.9¢ donaco international limited

Ann: Daily share buy-back notice, page-27

  1. 1,909 Posts.
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    The market is pretty much comatose today with typical Friday afternoon withdrawal and the US market closed next Monday their time. DNA is drifting in these low volume conditions, usually leads to a bit of a swoon with few sellers and fewer buyers, all up not good for the price.

    The buyers are being picked off by the algo quarter cent sellers which is always negative for the price on a slow day. The top of the sell queue becomes quarantined from the buyers while the buy queue is being picked off. Only one way for the price to go unless the buyers come back.

    If you contact ASIC like I did they will tell you it is good for liquidity and price discovery so they can't see the problem. So we have to put up with watching someone who can get an advantage by programmed trading at a tick price discount and remember it is good for us retail traders. We all should be grateful.....
 
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Last
2.9¢
Change
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Mkt cap ! $35.82M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 193170 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 70000 1
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Last trade - 16.14pm 07/08/2024 (20 minute delay) ?
DNA (ASX) Chart
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