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Mate, the opening auction is a balance of various bids. Some are...

  1. Saracen
    3,048 Posts.
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    08/02/11
    10:30
    Post #: 7857327
    Mate, the opening auction is a balance of various bids. Some are outrageous bids like the 70 cent one you saw. ASX works out the best price to sell the most shares and that is where it opens (and closes in a similar auction). All shares are sold at that determined price.


    Hope that helps.
    AEV Price at posting: 50.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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