Hi all,
Bit of a rookie here.
Going to get on board the KGN SPP train.
However, is there anything that would stop someone from buying full allotment and then immediately selling as soon as they hit the market?
Assuming the price remains similar to what is it, and you get a full allotment, the profit is almost $9k.
Or is there a rule somewhere against this?
Ie. do the stocks have to be held for a minimum period of time?
SPP Buy and Immediately Sell
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 (20min delay)
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Last
$4.54 |
Change
-0.080(1.73%) |
Mkt cap ! $457.1M | |||
| Open | High | Low | Value | Volume |
| $4.57 | $4.57 | $4.53 | $1.994M | 438.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3233 | $4.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.55 | 17000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$4.53 |
Change
-0.080 ( 1.41 %) |
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| Open | High | Low | Volume | ||
| $4.56 | $4.58 | $4.53 | 79223 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| KGN (ASX) Chart |