Australia's largest stock trading and investment forum Australia's #1 stock forum

Might come down to some traders desperate not to hold overnight....

First 4 Last

Share
Profile

Follow
auro

2,251 Posts.

133

08/12/16

16:22

Post #: 21205142
Share

Originally posted by Zaeed ↑

With the way CR8 went at the end of the day, what is the logic in putting a sale in at the auction for under 8c? Clearly it's going to do better tomorrow, and was even doing better before close. I've seen this done quite a bit recently and can't figure out why someone would do it. My only guess is that it's an attempt to drive down the price, but surely you could do that during the trading day.

Expand

Might come down to some traders desperate not to hold overnight. Happy to take the profit and run.

Other opinions?
6 Upvote

Reply

Top Stories

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The winners & losers on market if negative gearing were gone

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 98 more messages in this thread...

First 4 Last