AFG 1.72% $1.57 australian finance group ltd

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  1. 7,404 Posts.
    yes i noticed that combination also.
    think about it
    as a trader, would you be buying when there is a dripping tap and the price is falling? no.
    yet, someone jumps in straight away afer a bid line gets taken out, a relatively big order hits the offers at market, sometimes taking out some of the next line in the same hit.
    I suspect that the same party selling all the little lots is the same party that is comming back with the bigger hits. but just no buying enough in order to let the SP slip gradually.
    This is being done by a big player throuh a deal with a broker.
    A similar thing is happening with CNP but on a larger scale, in part due to more scrip on issue.
    Yesterday i was watching both stocks side by side, often enough, those orders that you mention, came on, on both stocks at excatly the same time, sometimes two in a row.
    This suggets that both stocks are being manipulated via the same broker.

    Out of interest, does anyone know how brokers pay for their trades to the asx, or don't they have to pay for trades?
    Or is it something like a yearly fee?
    It seems to me, that looking at the amount of piddly trades that are done, that fees are not an issue for brokers or their cronies.
 
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Last
$1.57
Change
-0.028(1.72%)
Mkt cap ! $423.7M
Open High Low Value Volume
$1.60 $1.61 $1.56 $262.3K 166.5K

Buyers (Bids)

No. Vol. Price($)
10 7427 $1.57
 

Sellers (Offers)

Price($) Vol. No.
$1.57 16310 8
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Last trade - 14.09pm 16/08/2024 (20 minute delay) ?
AFG (ASX) Chart
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