Say huh? - Aussie Stock Forums

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Thread: Say huh?

  1. #1

    Default Say huh?

    Why would someone have bought ONE (1) share at 62 cents? The company is PCG and the pre-open bid was actually 64 cents. But one share????

    Any ideas?

    Ghoti (puzzled)
    Without music, life would be a mistake

  2. #2

    Default Re: Say huh?

    The last share of a partially filled order from yesterday?

  3. #3

    Default Re: Say huh?

    It would almost certainly be a broker doing a crossed or overnight trade.

    They have to enter the trade into SEATS so that it gets into the system so they usually put 1 share on the market depth to secure their spot in the queue. Parodoxically despite the 1 it's often a large parcel.

    Anyway it's just a technicality.


  4. #4
    Happy's Avatar
    Join Date
    Jul 2005
    NSW, Australia

    Default Re: Say huh?

    Most of the times 1-share trade doesn’t take place, unless they forget to remove it.

    What really surprises me is when 1 share order is reversed with (–1) share and both are recorded, they bother to do it and all is acceptable.

    Would be nice if there is 1 queue thou, but not any time soon.

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