That seller only came on in preclose. Started 1.6m @ 1.19 then changed it to 1.75m then finally to 1.9m
The shares could have possibly been sold during normal trading @ a better price
The shares were not crossed they were actaully sold through the market
It could have been a holder that was actually sold out against their will @ the last possible moment
We will find out next week
Personally I don't think there should be a preclose as originally it was meant to a allow brokers to finish off uncompleted day orders but now it allows unscrupulous traders to change the whole day's market in 10 mins
Preopen should be allowed when a report is made to allow brokers & investors 10 mins to digest the report & change or cancel their orders accordingly
This trading might have a disastrous effect on margin calls next Tue & needs to be investigated & commented thereon by the relevant authorities
A similar thing happened with AED in preclose too & it went down a furter 20c in preclose for a 31c loss on the day
ABS
a.b.c. learning centres limited
That seller only came on in preclose. Started 1.6m @ 1.19 then...
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