Speeding fine..
if they drive the price of company X down from $1 to $.90 per share using small trade manipulation amongst other tactics, buy 1M shares. Pump the price back to $1 - sell. $100k profit. Do this 8 times and they've paid the fine.
It takes money to make money but imagine this happening across just 100 ASX companies each week. Just a 10% move would yield $10m in revenue.
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Speeding fine..if they drive the price of company X down from $1...
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Last
$1.55 |
Change
0.015(0.98%) |
Mkt cap ! $398.2M |
Open | High | Low | Value | Volume |
$1.55 | $1.58 | $1.51 | $1.011M | 656.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4706 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.55 | 24706 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.520 |
2 | 30000 | 1.510 |
1 | 25000 | 1.500 |
1 | 20000 | 1.480 |
1 | 1000 | 1.470 |
Price($) | Vol. | No. |
---|---|---|
1.550 | 20000 | 1 |
1.560 | 10000 | 1 |
1.590 | 2000 | 1 |
1.595 | 627 | 1 |
1.600 | 29500 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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KCN (ASX) Chart |