Offer / Bid Prices

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by Tony, 8th Mar, 2018.

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  1. Tony

    Tony Well-Known Member

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    Hi,

    Saw this for AFI prior to opening today. Is there an explanation for the first offer at $6.00 and then the next at $6.09? I'd be happy with $6.00
     

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    Tony, 8th Mar, 2018
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  2. The Y-man

    The Y-man Moderator Staff Member

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    Yes pre-open has all sorts of crazy bids and offers - I think to ensure transactions go through at a certain price on open. If you sit an analyse the pre-open, you'll be able to estimate where the opening transaction price will hit.

    The Y-man
     
    The Y-man, 8th Mar, 2018
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  3. Tony

    Tony Well-Known Member

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    So does that mean someone was selling their shares at $6.000 and then the next was at $6.090 or was the $6.000 in error?
    Thanks
     
    Tony, 8th Mar, 2018
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  4. The Y-man

    The Y-man Moderator Staff Member

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    Someone had an order in to sell at 6.00. It is correct.
    Someone had a buy order in at 6.11

    At open, the computer works out an "weighted average" price(based on volumes etc) and they transact through.

    How to fill your bid at market open - www.thebull.com.au

    In this case, there is someone who wants to make sure their sell order for 2,400 shares gets filled at open (similar to a "at market" order) so they have put a very low price on their offer.


    The Y-man
     
    The Y-man, 8th Mar, 2018
    #4