Hence why i said besides this instance... where wed saw a huge influx.
At other times there appears to be some stigma with friday and people bailing out. I can see it as a bail out before the weekend comes for those who don't want to be open/exposed over the weekend to news.
But apart from the high volumes on wed (which hits t+2 exactly this friday) i was saying on 'other' fridays I don't see how it is any different to any other day that could be affected by t+2. i.e. if the large pump yesterday happened on mon or tues, then you could argue wed would be the same.
Keep in mind this has been jumping since mon-wed. WIth westpac, settlement of t+2 occurs when the first trade is due to settle. So if someone bought and sold for a profit on tuesday, their t+2 would be thursday. Even if they buy and sell more on wednesday, I have been told that thurs will see the net obligations of both days trades settled.
For myself, i bought and sold today, and bought again. Even if i sold tomorrow at 10c and bought back in at 9.6c again, my t+2 settlement would follow my purchases today, so i'd be forced to settle Mon opening of trade, even though my net buy order was entered in tomorrow (Friday)..
Given many didn't see that we would pop over the 8.8c close on tues to hit 10.5 c on wed, there would have been t+2's exiting today as well.
XPE Charts, page-2544
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7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.889M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 1524 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.072 |
1 | 19 | 0.070 |
1 | 20100 | 0.061 |
1 | 100000 | 0.060 |
1 | 86000 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 1524 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
0.190 | 29137 | 1 |
0.455 | 6945 | 1 |
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