what is the asx up to, page-4

You guys need to get live data...

There is no spoon...it was simply two players trading off adjustments to their orders against each other...like a game of table-tennis...to achieve the upper (or lower) overlap price on the close in an attempt to scalp a point for their order.

The match changed about 6 times during the closing minute (between 4:10 and 4:11...could have finished at either 1.2c or 1.3c...

When the music stopped...the winner was...1.3c.

So the buyer paid what he said he was prepared to pay (based on his buy order for 1.3c) and the seller got the 1.3c prize, even though he was prepared to sell for 1.2c (based on his sell order).

No magic or mystery...just trading strategies employed by both sides of the bid/ask to achieve a desired outcome.

As for the "1,111,111"...did it have any significance?

The question is axiomatic...we are talking about it!

But...are we talking about it because it was there...or was it there because we are talking about it?

Ask the oracle.



Cheers!