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16,136 Posts.
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12/04/18
17:13
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@BenJohn @jay1983
Don't have to be pulled, just means any trades at the indicative price,
provided there are sufficient at 1 cent to cover them, their sells
will transact first. They could have put sells in, theoretically at .1 of a cent,
and still got 1 cent at close.
Same deal in pre-open auction, buyers may bid (x $$$), more than a previous
closing price, just to "get in front", as will sellers offer at much lower,
but still get the higher bid for their shares.
A few of you need to research how open/closing auctions. work
Participating in auctions is reasonably safe, if there are sufficient bidders/sellers,
and they can't "PULL" their orders before cut off time.
Need to exercise some caution in auctions.
https://www.rivkin.com.au/blog/shar...e-asx-opening-and-closing-auctions-24222.aspx
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