Take note of my above post. It means there will be less (possibly none at all) hidden centre point orders undercutting the 0.2 cent wall. If it affects all platforms, if people want to sell, it will be for 0.1, if they want to buy, it will be for 0.2, unless you just happen to submit orders at the exact same time.
I don’t understand the mentality. I expected a slew of people trying to dispose immediately at 0.2 cents but some people have held for so long and only increase the downward pressure upon hearing of materially significant news? How does anyone expect anything to gain strength when they continue to load up the sell side. There are people lurking in the woods, waiting for signs of life in the SP (which then draw in the indiscriminate opportunists), and all the fools who just want to cut and run are sending the message of “SP is staying exactly where it is, don’t bother buying now, check back in a week or two”. By which time more people will have jumped on the scale in fear of not getting in the queue.
To clarify, I’m not calling anyone a fool for wanting to sell, I’m calling people fools for the way they’re doing it, but I shouldn’t expect anything but a herd mentality in the stock market.
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Take note of my above post. It means there will be less...
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