BIG 0.00% $2.22 big un limited

There is only so much that can be done. For instance, suppose...

  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.

 
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