The parties involved in the buying of late are valuing being IN and paying up a little for the privilege. At the same time trying not to get the crowd sitting on the sidelines waiting too aroused.
Today, very little business was done at the 1.3c bid level (from memory about 6 transactions), so it wasn't as if they could get it done by using limits at that level. Nor did they want to lift the offer to 1.5c by wiping 1.4c as the bids would lift and all of a sudden they're competing with plenty for business at 1.4c.
This tactic is used a bit when it's the minnows supplying the liquidity.
- Forums
- ASX - By Stock
- TV2 SP Target
The parties involved in the buying of late are valuing being IN...
-
- There are more pages in this discussion • 39 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 TV2 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online