BIG 0.00% $2.22 big un limited

report unusual trading, page-2

  1. 24,765 Posts.
    There is only so much that can be done.

    For instance, suppose someone has a significant holding in a company and the price is 10c bid, say 20,000 with 250,000 on offer at 10.5c sell.

    That person can place a genuine buy bid for say 2 million at 10c. and at that point in time will be happy to pay 10c.

    Traders see the bid and immediately push the shares to 12c at which point the 2 million bidder at 10c sells some shares.

    Also not wanting to buy on a 16.67% decline in price from 12c to 10c the 2 million bid at 10c. is removed.

 
watchlist Created with Sketch. Add BIG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.