Easy, in closing auction someone was selling for 0.09 40300...

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30/10/23

15:13

Post #: 70618200
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Originally posted by Lucky1970: ↑

Please guys this has never happened to me before, does anybody know why. I spoke to Comsec yesterday and I am still confused. If you look at orders for DTR in the 0.009 price range, you will see an outstanding order at the top for 75,512. That is the remainder of my order, it has been there at the top of the 0.009 price range for some time now. Yesterday at 4.10pm and 29 sec s 2 sales occurred for DTR, one for 40299 shares and one for 1 share (HAHAHAHA). I then got an email from Comsec telling me that I just bought 1 DTR share and they will be taking 1 cent from my account on what ever date. My question is how did somebody buy the 40299 shares in front of me when I am at the top of the 0.009 price range.
Even funnier , and unrealistic I know, but if this happens another 75,512 more times The shares will cost me 1 cent instead of my order price( HAHAHA)
An explanation from somebody more experienced would be much appreciated

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Easy, in closing auction someone was selling for 0.09 40300 shares. Someone then places order for 40299 at 0.1. They get the 40299 at 0.009 and you get 1 share. This is how to jump the queue however risk is if the seller pulls the sell at the last second and you cant cancel your buy, you will buy for 0.1.

If you leave your original order to fill then you will pay brokerage only once. If you cancel thet order then your 1 share will cost you the standard brokerage fee of 5 or 10 dollars.

DTR Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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