CTP 1.85% 5.3¢ central petroleum limited

If you owned 5% of a company, and you could use your...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 406 Posts.
    lightbulb Created with Sketch. 27
    If you owned 5% of a company, and you could use your shareholdings to make a profit by making the market in that company, would you do it?

    Financial services companies do... they're not just sit and wait investors, they have to maximise the value of their participation in institutional CRs. They manipulate short term price movements to offload at higher prices, making both the buy and sell depth, selling shares to themselves to churn volume and catch out punters hoping for a rising price, basically blatantly and legally manipulating the share price for profit.

    If your average punter like you or I were to undertake the same practices, it would actually be a crime.
 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
-0.001(1.85%)
Mkt cap ! $37.74M
Open High Low Value Volume
5.5¢ 5.5¢ 5.3¢ $39.37K 724.3K

Buyers (Bids)

No. Vol. Price($)
4 350627 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 209525 1
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.