Hi raymaur. I have been trying to understand why this apparent manipulation is going on, and have come to one possible reason. I am hoping that someone with far more knowledge than me about NASDAQ listings can comment.
Basically, I remember seeing/reading before the PBMD listing that as part of the listing qualification, and to maintain a listing the "Home" shares (ie ASX PRR) must maintain a daily trade volume, or a monthly average trade volume. Given that I believe that PRR is currently in a holding pattern until October, and most shareholders are in a wait and see mode, is it posible that these 0.1 cent bids etc are designed to spook shareholders into a sell-buy-sell-buy mentality to ensure we maintain the qualification criteria.
I know this sounds a little farfetched, but perhaps somebody can comment on whether mainting these volumes is a requirement. It might explain the current bids and sells.
GLTA
- Forums
- ASX - By Stock
- the "players" are playing
Hi raymaur. I have been trying to understand why this apparent...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMM (ASX) to my watchlist
|
|||||
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $537.4M |
Open | High | Low | Value | Volume |
37.0¢ | 38.3¢ | 36.5¢ | $1.060M | 2.841M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 48648 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 13814 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 48648 | 0.365 |
7 | 164694 | 0.360 |
4 | 31498 | 0.355 |
7 | 161310 | 0.350 |
3 | 12221 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 13814 | 2 |
0.375 | 175836 | 7 |
0.380 | 137322 | 5 |
0.385 | 53062 | 4 |
0.390 | 197301 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online