Weird Market Depth: Question

[Aussiest]

Hi everyone,

Can somebody please explain the significance of this? I've seen this sort of thing before, but never could understand:

(1) Why the bid is higher than the ask?

(2) Why the trade didn't go through seeing as the bid is higher than the ask?

Thanks in advance ;)

23388

[Trembling Hand]

Same as always when this question pops up. PRE-OPEN

[korrupt_1]

Here's the sticky for it

http://www.aussiestockforums.com/forums/showthread.php?t=11619

[Aussiest]

Thanks for the link Korrupt1.

But, it didn't happen during pre-open. It occurred around 2pm.

[Trembling Hand]

No, it wasn't the pre-open! It happened at around 2pm.

Thanks Korrupt1.
Have a look at your own screen shot. The status was "Pre-Open" that happens when a stock goes in to a trading halt and is about to re-open. It does not mean "BEFORE THE OPEN"

As you can see from the chart it was in a trading halt during this time.

[nomore4s]

Thanks for the link Korrupt1.

But, it didn't happen during pre-open. It occurred around 2pm.

When they release an ann the stock will generally go into pre-open for about 10min(?)

[Aussiest]

Have a look at your own screen shot. The status was "Pre-Open" that happens when a stock goes in to a trading halt and is about to re-open. It does not mean "BEFORE THE OPEN"

As you can see from the chart it was in a trading halt during this time.

Oh, okay, thanks! It was just weird.