"What's being blocked?"
Molly - the share price from going up, so that a conniving potential buyer (with stock) might be able to acquire further stock at a lower price.
one of the list of considerations when buying shares in a stock is to study the buy/sell quotations. if a potential buyer is faced with a mountain of large sellers against him then his reaction would likely be to either not to bid or perhaps bid much lower - so advancement of the share price is retarded.
blocking bids placed just above the market price are likely to be the most effective - although too close and the bid might get taken out. its a game which is more obviously being played on another stock which i hold.
"placing bids for one day" - not sure you can do that on commsec unless you manually cancel. seems to me unusual, but I can understand the valid reasons you suggest.
GK.
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blocking sells on the sell side , page-8
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Last
60.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $208.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.0¢ | 45597 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.580 |
1 | 17500 | 0.560 |
1 | 1200 | 0.550 |
1 | 5809 | 0.510 |
3 | 5000 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.650 | 45597 | 6 |
0.660 | 35593 | 2 |
0.680 | 7500 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.21pm 07/07/2025 (20 minute delay) ? |
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