GCR 0.00% 0.2¢ golden cross resources ltd

bid of 1 share in preopen .... weird

  1. 4,618 Posts.
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    Why is it that sometimes you see a single bid of 1 share, worth 4.1c in GCRs case, in pre-open. Someone has DELIBERATELY placed a bid to buy 1 share at 4.1c for a trade arguably costing up to $30.

    This behaviour is just straight out weird. OK its in preopen so don't read too much into it .... or should I? Those who don't look at MD won't see the nature of this bid, so they might think "oh whao its going up today someone wants in". But in reality that not what's happening.

    So do I read this as a trader looking to artificially raise the SP to 'offload' some more, thus make a handsome short term trade after picking it up for 3.5c????

    It's a pitty that's how our market works ... greed!!!Just call be silly old fa...rt for not agreeing with such behaviours!

    GC
 
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