Mistake or manipulation?

[rub92me]

I've seen some weird transactions, but this one takes the cake.
Why on earth would someone sell 1 share at 3.1 cents? I could understand if it was part of a larger holding or bot trading but this

 

[jono_oz]

Where is ASIC in all of this? Sitting of their fat salary-asses!

 

[deadset]

I often see small offers, I presume its to test if anyone would take it at that price.

In this case, though, I think they are probably superstitious, or prefer the number 169999 rather than 170000.

 

[MS+Tradesim]

I often see small offers, I presume its to test if anyone would take it at that price.

In this case, though, I think they are probably superstitious, or prefer the number 169999 rather than 170000.

Might be attempting to trigger automated stop loss selling - which is why I've never set auto stops.

 

[Trembling Hand]

A 'mark to Market' trade for portfolio pricing most likely.

Brokers etc do it so there is a trade for the day when transferring or valuing stocks that don't trade on the day. The bean counters want a "market" price for it.

Nothing sinister in it.

 

[rub92me]

Thanks TH that makes sense. Looks like they are forcing (making) the market for a day that the security didn't have a market though. Makes you wonder how they do it for a security that literally doesn't have a market (trading halt or suspended).

 

[Sunder]

Isn't the minimum trade on the ASX $500?

Or is that retail investors only?

 

[bas]

Minimum buy $500.

Of course your $500 from 12 months ago might be worth SFA now, doesn't mean you can't sell them though.

Often you see very small volumes at market where someone is just completing an order, this one quite unusual though.