Traders with both bids and offers in depth - Aussie Stock Forums

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  1. #1

    Default Traders with both bids and offers in depth

    Has anone seen this - someone having orders on both sides of the depth? (you need something like pro-trader which shows live market depth and flashes when the depth changes).

    I often see bids and offers appearing simultaneously. I suspect it is from the same trader, as sometimes one bid or offer wont actually change, but say 4-5 bids and offers are updated at the same time.

    What trick is this?

    Currently I am seeing this with GNS.

    Other times I have seen it with ENE. In the close auction on ENE last week, someone would add say 12309 offers that WOULD get filled on close, and say 11405 bids away from the money that WOULD NOT get filled.

    For both GNS and ENE, the chances of many people entering bids and offers within the update interval is small, but it happens frequently.

    Just a trick to make people think there is greater liquidity on the stock?
    I know that looks bad, ... would everybody whos ever been overseas on behalf of Australia, or an Australian, agree to every photograph of them being published? John Howard

  2. #2

    Default Re: Traders with both bids and offers in depth

    G'day Markrmau

    Individual stocks are always being manipulated.

    Sometimes see the price going down and then all of sudden someone bids 2c, 3c, 5c above the current price to bring price back up.



  3. #3

    Default Re: Traders with both bids and offers in depth

    More manipulation

    See article mid page dated 26/11/05


    ASX broker codes abolished - what will the scalpers do?

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