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

IHL

Click for more information

0.00%

4.1¢ incannex healthcare limited

General discussion, page-5691

First 5691 Last

Share
Profile

Follow
ma420

6,774 Posts.

1737

04/05/21

09:28

Post #: 52914429
Share

Originally posted by StockforProfit: ↑

Because it's a matched system, it doesn't really matter what the price you place a sell order at during the auction - could be 30c, 28c or 15c. What you are trying to do by this is get to the front of the queue for when the orders are matched.. I.e. if I absolutely had to sell my shares yesterday and was waiting all day hoping it would go up more over time so I could make more returns, but it didn't - I could just drop them in at 30c (or 15c - again doesn't matter) at the 4.00pm closing auction to ensure that I can sell them before the markets closed. See this a bit at the end of day scramble with T-2 traders and the such.

What really matters more is the volume of shares on sale below or above the current share price at 10.00am (for morning open) or 4.00pm (for closing open). If it's skewed below the price, it will go down (the algo matched price dictating to what value) and vice versa.

Expand

Thanks mate.

IHL Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

CC9

Wyoming could be America's next hard rock battery metal province – and Chariot Corporation can help

Talking Australia's very competitive property landscape: Realty Talks

NRX

Noronex joins forces with South32 to look for copper in Namibia

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

There are more pages in this discussion • 14,276 more messages in this thread...

First 5691 Last

Add IHL (ASX) to my watchlist