I'm not sure what happened to ASX on opening, but I noticed that...

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dbd25

6,820 Posts.

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16/09/21

10:59

Post #: 56110430
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Originally posted by Sdaji: ↑

Indeed. We were given the indication that a price-sensitive announcement was coming, so many people (myself included) became excited about the prospect of probable good news and some decided to buy in. When it actually opened suddenly and unexpectedly without any news, no doubt some of those buyers who put their orders in expecting to have news to read and an opportunity to change their order based on it before it opened would have been disappointed and immediately sold, causing a small selloff.

It's a shame, we should have had a positive start to the day with our momentum continuing and the NASDAQ giving a nice lead this morning. It'll barely be a blip on the radar of course and we may well have a green day anyway. Sloppy work on the part of the ASX. Perhaps someone in the ASX office fat-fingered TNT when putting in a hold intended for another company with a similar ticker. It would be amusing (not for holders of that company) if they neglected to hold trading on the correct company and they went into normal trade with a price-sensitive announcement released.

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I'm not sure what happened to ASX on opening, but I noticed that all my stocks starting letters with "S" and up to "V" in the alphabet didn't appear to complete their opening auction by 10.10 as is usual. The opening auction seemed to conclude at 10.16.12 for several of these stocks, according to the course of sales.

All IMHO, DYOR

TNT Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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I'm not sure what happened to ASX on opening, but I noticed that...

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Bitcoin jumps 8% to beat record on Trump vote optimism

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

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