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0.55%

$1.83 pacific smiles group limited

TraderNavThe same thing happens on ANZ.To get around it you can...

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gosouth

3,054 Posts.

149

17/05/21

16:50

Post #: 53228215
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Originally posted by TraderNav: ↑

Does anyone else have issues with commsec when trying to buy stocks with low depth. I tried to buy this at market today and yesterday, but they wouldn’t process the order as the next seller is too far from the most recent transaction (next seller was $2.74 and the most recent sales price was $2.6). Meaning you can sell to the current price but no one is able to purchase from the next lowest seller.
The excuse given is it wouldn’t keep an orderly market...Seems a bit strange to me and wondered if anyone had come across it before with others.
So the issue we have is pretty much no one can buy units in this company at the moment, so even if you want to buy more units the brokerages wont let you over the 1 or 2 that have been seen at the lower end, you can however put in a limit price "within reason" but anyone can sell. Seems a bit sus to me, given it was trading around 2.69 last Monday.
Spoke with ASIC and they're looking into it as it pretty much puts a ceiling on the price until we can find a way to get around it, either by people increasing buy limits, or there being more sellers in the spread.

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TraderNav
The same thing happens on ANZ.
To get around it you can put a buy price in at a lower level, then amend it.
Annoying, yes.
Cheers
Gosouth

PSQ Price at posting: $2.55 Sentiment: None Disclosure: Held
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(20min delay)
Last $1.83		Change 0.010(0.55%)		Mkt cap ! $291.2M

Open	High	Low	Value	Volume
$1.83	$1.83	$1.81	$1.212M	666.4K

Buyers (Bids)

No.	Vol.	Price($)
1	14955	$1.82

Sellers (Offers)

Price($)	Vol.	No.
$1.84	31664	2

View Market Depth

No.	Vol.	Price($)
1	14955	1.820
4	173	1.815
1	25000	1.810
3	132149	1.805
2	57661	1.800

Price($)	Vol.	No.
1.840	31664	2
1.845	160000	2
1.900	10600	1
2.000	38914	1
2.130	3070	2

Last trade - 16.10pm 02/10/2024 (20 minute delay)

PSQ (ASX) Chart