Kipp
Lord of the Ledgers
- Joined
- 23 November 2005
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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...
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...