KZL 0.00% 12.0¢ kagara ltd

not a good look, page-4

  1. 2,662 Posts.
    lightbulb Created with Sketch. 98
    Probably a lot of truth in your words, BB. It may also help sentiment, though, if all the idiots with SELL orders in the system that are way above the bid price (e.g., 43c+) cancelled them. Then it would give the impression that relatively few shares were up for sale and it might just encourage buyers to bid up a little. Once the price came up nearer their desired sell price they could simply place their orders again. I know it's standard stockmarket practice but it's just plain stupid to overload the SELL side of the board - unless of course it's your intention to keep the price low so you can accumulate stock economically.
 
watchlist Created with Sketch. Add KZL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.