open and close price, page-5

My guess is the 60,000 shares at 40c will be removed just before 11am if it doesn't look like reaching at least the mid to high 40's.

They're probably going for a quick in & out, get the tax-loss and make money on the options (without capital invested) play.

As it stands atm, it will open at a minimum of 46c (which might be high enough for the 40c bidder, depending on whether they need a tax-loss).

Remember that those buying on-market don't get the options, so it's worth less than the IPO price.

It's all fun & games. The SP usually means diddly-squat on a day to day basis for this type of share, but on its inception it's worth discussion.

Cheers.