Sophistry pure and simples.
In every completed trade someone capitulates to the other side of the prevailing market - a buyer decides to exceed the current highest bid in the book and meet the ask or a seller decides to lower their expectations and accept a lower price than the current lowest price in the book and sells.
In a mid-point trade both sides signal their willingness to split the spread and each capitulates a bit.
Yesterday the vast majority of trades happened because traders who previously did not want to spend $0.002 to acquire ECT shares decided that paying $0.002 was acceptable after all.
Note that no sellers at all decided that $0.001 was an acceptable offer and a small number of buyers whilst unwilling to pay $0.002 were nonetheless willing to pay $0.0015.
The fact that the crappy HC software displays this as 0.1c is due to sloppy implementation practices.
@doudou's ridiculous contention that the market "has marked it straight back down to .001 cent" is simply false - no such thing happened on the ASX yesterday. In fact, quite the opposite. ... and, BTW, its 0.1c not .001c but thats secondary.
As for your nonsense, your trite analysis is ridiculous, simplistic and childish. ... but you knew that already didn't you. Just here to stir the pot.
GLTAH.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.929M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $620 | 218.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 28294571 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11624163 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 28294571 | 0.002 |
29 | 38936532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 11624163 | 23 |
0.004 | 6061488 | 10 |
0.005 | 3887859 | 25 |
0.006 | 5155234 | 9 |
0.007 | 918333 | 2 |
Last trade - 14.47pm 05/09/2024 (20 minute delay) ? |
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ECT (ASX) Chart |