"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
UOS
united overseas australia limited
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60.0¢

"What's being blocked?"Molly - the share price from going up, so...
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Last
60.0¢ |
Change
-0.005(0.83%) |
Mkt cap ! $206.8M |
Open | High | Low | Value | Volume |
60.0¢ | 60.0¢ | 60.0¢ | $1.201K | 2.001K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15372 | 58.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.0¢ | 118947 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15372 | 0.585 |
1 | 100000 | 0.580 |
1 | 17500 | 0.560 |
1 | 1200 | 0.550 |
1 | 9350 | 0.535 |
Price($) | Vol. | No. |
---|---|---|
0.650 | 118947 | 10 |
0.660 | 35593 | 2 |
0.680 | 7500 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 09.59am 08/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
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