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EYE

5.56%

19.0¢ nova eye medical limited

Nah......... it's still BS You have an interesting way of...

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slick

14,561 Posts.

7800

14/09/24

10:24

Post #: 75673279
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Originally posted by Tekvest: ↑

It makes perfect sense Slick, because I do understand the process. IMO it is being characterised by you and your A grade trader (who I think has described the facts but failed dismally by not doing anything to explain the reasonings behind them) as an opportunity to scalp trade, as it is, but the primary purpose of the auction process is in the morning to set a price at which the market begins to trade, and in the afternoon, to set a price which is arrived at democratically, to create liquidity, create a 'democratically elected' price for buyers and sellers to trade with, to prevent market manipulation (which I agree you are trying to benefit from), to provide benchmark pricing for ETFs to trade with and index funds to value their stocks with. There is a host of other reasons, but number one is to create transparency and reduce volatility, allowing large trades to be executed 'in peace' and unfulfilled orders from the day to be tidied up if desired. As I said in my original post which resulted in you saying that it was bullshit and that I have no clue. Cool, I will stand by what I said.

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Nah......... it's still BS

You have an interesting way of evaluating the simple process of orders being placed to either gain a position or liquidate one and the auctioneer processing all bids.

I can't make bank on your theory so I'll follow what actually happens thanks.

But at least we can have a respectful debate.

Cheers

EYE Price at posting: 19.5¢ Sentiment: None Disclosure: Not Held
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