There is currently a very strange occurence in the market. I 'm not sure if it is just a Glitch in the Avcol stockbroking software (which I use) but at the moment for ACX there is an outstanding BUY order for 10000 shares @.07 and at THE SAME TIME there is a an outstanding SELL order of 100 000 shares at 0.053.
So what I don't understand is why some of the sell order isn't partially filled at 0.053, and the total shares avail for sale reduced to 90 000?
*Am I right in thinking that I can buy 10 000 shares at .053 and on-sell instantly at 0.07? Thus netting a small (but risk-free) little profit for myself?
I'll try and post a screen shot tomorrow at work.
Please let me know what this means. This may be very easy to explain...
captain black
22nd-March-2006, 11:15 PM
check the decimal point.
I see a sell order at 0.53 :)
nizar
22nd-March-2006, 11:26 PM
There is currently a very strange occurence in the market. I 'm not sure if it is just a Glitch in the Avcol stockbroking software (which I use) but at the moment for ACX there is an outstanding BUY order for 10000 shares @.07 and at THE SAME TIME there is a an outstanding SELL order of 100 000 shares at 0.053.
So what I don't understand is why some of the sell order isn't partially filled at 0.053, and the total shares avail for sale reduced to 90 000?
*Am I right in thinking that I can buy 10 000 shares at .053 and on-sell instantly at 0.07? Thus netting a small (but risk-free) little profit for myself?
I'll try and post a screen shot tomorrow at work.
Please let me know what this means. This may be very easy to explain...
I notice this all the time when the market is closed ie. outside 10am-4pm...
sometimes even the buying price is higher than the selling price!
i dont know how to explain this though
michael_selway
22nd-March-2006, 11:33 PM
I notice this all the time when the market is closed ie. outside 10am-4pm...
sometimes even the buying price is higher than the selling price!
i dont know how to explain this though
Yeah its closed orders not accepted anyway, some people take their bids/asks off the market depth, some dont etc
However when market closes, I believe there is a private auction with brokers?
captain black
22nd-March-2006, 11:50 PM
ermm......
Buy order is 10000 @ 0.07
Sell order is 150000@ 0.53
:confused: ....no error... just a very wide spread ;)
Kipp
23rd-March-2006, 09:13 AM
I'm such a spaz- you're both spot on- it is 53c. grrr..... Anywhow, I appreciate the repiles.
bullmarket
23rd-March-2006, 09:26 AM
Hi Kipp
I'm such a spaz- you're both spot on- it is 53c. grrr..... Anywhow, I appreciate the repiles.
Don't feel too bad about it ;) I once did a similar thing after the new half cent increments came in for stocks in the 50c-200c range.
I submitted a buy order for $1.05 instead of $1.005 and ended up getting my order filled at around $1.025 average :o and wondered what the hell was going on before the penny dropped :banghead:
