ASB 0.95% $3.13 austal limited

entropylordRe; ..."BUT I am wondering if someone was actually...

  1. 21,782 Posts.
    entropylord

    Re; ..."BUT I am wondering if someone was actually trying to trigger CFD and/or margin loan positions, in which case we could see a further selloff. Wouldn't you trigger these DURING trading rather than at close?"...

    Thanks for the cautionary reminder.

    After the 4pm close approx 38,000 shares were sold at $2.41. I am a little non-plussed as to why people listed to buy at prices between $2.41 & the 4pm SP of $4.71 didn't pay those prices.

    You may also be right that someone big is just going to dump this relatively illiquid stock so that the SP will be slaughtered - as happened with TMR when Latitiude dumped its 15% stake [that stock has not recovered since btw].

    Then again ASB has a major US arm to its operations; could have become infected with mad DOW disease [LOL]! IMHO though it remains a great little Ozzie company whose SP should quickly recover.

    4YIO - NFA
 
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Last
$3.13
Change
-0.030(0.95%)
Mkt cap ! $1.072B
Open High Low Value Volume
$3.13 $3.13 $3.13 $58.52K 18.69K

Buyers (Bids)

No. Vol. Price($)
4 20890 $3.12
 

Sellers (Offers)

Price($) Vol. No.
$3.15 9217 7
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Last trade - 10.00am 04/12/2024 (20 minute delay) ?
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