CCC
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0.00% 0.1¢ continental coal limited

Just quickly @ Muppet.I don't think you fully understand the...

  1. kgc101
    82 Posts.
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    18/02/11
    18:02
    Post #: 7917348
    Just quickly @ Muppet.

    I don't think you fully understand the idea of the closing auction. At this time trading stops for approx 10 mins and bids are placed in a similar fashion to the open. At about 4:10pm AEST trades are made at the point where buyers meet sellers, and all lower sells and higher buys get precedence at that price.

    So ineffect a seller @ 7.5, is really just selling @ 7.6 and jumping the queue by putting there bid in lower.
    CCC Price at posting: 76.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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