That is correct.
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OMG! Take a look at this. Morgan Stanley disclosure notice on A2M Link. 55 pages of trades for a week, and that's only one of seven SHINTR notices in January.
Happened again. Went to sell 500 wbc, only sold 5 and the market has dropped suddenly. It just seems to happen every trade. It just makes trading just so much more difficult and time consuming. Now I have to wait it out again, for another month perhaps. Direct has advised they are looking into the whole system of odd lot trades. It needs to be looked at quickly.
I share your frustration. This sort of cr@p happening all the time:
Attachment 10997
Half the days trades so far average under $100
Volume Change Value Number of Trades Average Value of Trade 10 1 $ 7 2 $ 3.5 13 1 $ 10 1 $ 10.0 14 2 $ 10 1 $ 10.0 32 1 $ 24 1 $ 24.0 90 1 $ 70 2 $ 35.0 117 1 $ 87 1 $ 87.0 198 1 $ 150 6 $ 25.0
There is so little volume trading today, it's not a surprise. I've been looking at the BLT depth today and it's just about all small trades. Look at Sharesies - Invest - Companies and BLT is top of the list in the default view because of highest price change over the last year.
Is Sharesie down ? - joining Facebook, Whatsapp etc. To be honest, I feel blessed that I have been able to get into my KiwiBank account for a week now without it going down. Is technology beginning to unfold ?
Good news that Hatch has been bought by FNZ and intends to offer NZX and ASX trading. Competition is good.