UOS united overseas australia limited

blocking sells on the sell side , page-8

  1. 2,076 Posts.
    lightbulb Created with Sketch. 1
    "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.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
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
Last trade - 16.21pm 07/07/2025 (20 minute delay) ?
UOS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.