"I still don't quite understand why they bother with the pip down but whatever."
My theory as to why they engineer the one pip down at closing auction?
1. Always making it look worse than what it really is. A red down day, however not a true reflection of
the day's action! So, suppressing the sp and allowing the engineers of this distortion to accumulate at
lower levels the following day.
2. LSE looks at the closing price and also sees a RED down day, therefore influencing their price action.
"I still don't quite understand why they bother with the pip...
-
- There are more pages in this discussion • 5,248 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $44.46K | 35.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 307 | 1199858941 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 151348045 | 29 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |