Originally posted by Bogart88:
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The OTC is following the ASX because the brokers and market makers are acquiring stock cheap on the ASX and selling it on the OTC, it is quite simple really. If you watch the OTC trading volumes throughout the night, you will see that the market makers dump whatever stock they have at a price that delivers them a healthy profit. The Americans are happy to buy at cheap prices, can you blame them? The Australians are happy to supply the brokers/market makers ate cheap prices, can you blame the buyers for wanting to but as cheap as possible and sell for as much as possible?
Expand
BidAsk
MPID Bid Price Size Time
INTL 0.0495 600,000 15:59
NITE 0.0495 94,535 15:59
GTSM 0.049 10,000 15:39
MAXM 0.0426 10,000 15:40
CDEL 0.0426 51,500 15:58
MCAP 0.0393 10,000 12:40
(20min delay)