Why would someone do this? NZO 5/02/2013 @1645

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Can anyone enlighten me:mellow:

I seen it happen yesterday aswell

Im referring to the buyer @ .096 when there are sellers @ .0945 all the way to .096?

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Originally Posted by Huskeez

Im referring to the buyer @ .096 when there are sellers @ .0945 all the way to .096?

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Checked again now hes putting a bid in for .965? Just confused Thats all

Quote:

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Originally Posted by Huskeez

Attachment 4312

Can anyone enlighten me:mellow:

I seen it happen yesterday aswell

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It's the normal day end process that occurs between 16:45 at 17:00. Same process occurs pre-market opening at 10:00am. Here's the ASX link that explains how it works.

http://www.asx.com.au/products/calcu...ose-prices.htm

Thanks, Omega. I had often wondered why 'weird' things happened to the quotes near the end of the day.