At 4:00 there are no "residual" overlapping orders because overlapping orders are executed immediately. There's a window between 4:00 and 4:10 when you can place new orders which may participate in the closing single-price auction if they overlap with other orders. It's a long call to say that "someone really wanted this to close at 4.8c" if there's a small volume either way. Yes, traders try to play games with the auction; putting in a large high-priced buy order just after 4:00 and then cancelling it just before 4:10 might draw in lots of low-priced sells, which are then executed at a low price when the big buy order disappears. With a highly liquid stock you will get traders trying to push or pull in both directions and it's a lottery as to which orders are still there in the auction.
It's much more likely that some wanted out, and others wanted in, and the two sides met at 4.8c. Speculating that it was a) deliberately aimed at a specific price point, and b) for some specific tactical/strategic purpose is kind of meaningless for we retail numpties. There's no way to know if we got the reasoning right, or to take advantage of it if we did.
- Forums
- ASX - By Stock
- PainChek General Discussion
At 4:00 there are no "residual" overlapping orders because...
-
-
- There are more pages in this discussion • 979 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PCK (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.75M |
Open | High | Low | Value | Volume |
3.1¢ | 3.2¢ | 3.1¢ | $13.00K | 416.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 226709 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 126161 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 226709 | 0.031 |
8 | 10000417 | 0.030 |
2 | 494000 | 0.029 |
1 | 350000 | 0.028 |
4 | 1228344 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 126161 | 2 |
0.034 | 79638 | 2 |
0.035 | 125000 | 1 |
0.036 | 200000 | 1 |
0.037 | 44589 | 1 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
Featured News
LU7
The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour
RCE
Phase II clinical trial recruitment for R327G topical gel passes halfway, showing promising results against bacterial skin infections
PCK (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online