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- 3 October 2008
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Hi, I was just watching the market close on Commsec, and noticed something that I thought was strange. BHP traded most of the day at a tad over $27, and closed at $27.570. As soon as the market closed, there are BIDs to buy at around $31.00, and OFFERs to sell at arond $13.00.
Can someone explain whats going on?? Because I've seen it before, on many stocks, but don't understand it. If someone wanted the stock, why offer $31 after market close, why not just buy for $27?? and who would want to sell at $13?? whats going on, some sort of market manipulation? if so, why? how, etc.
Can someone explain whats going on?? Because I've seen it before, on many stocks, but don't understand it. If someone wanted the stock, why offer $31 after market close, why not just buy for $27?? and who would want to sell at $13?? whats going on, some sort of market manipulation? if so, why? how, etc.