Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
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Closing auction comment.I use that "trick" mainly to get the best price - either in the Open or the Closing Auction.
(Doesn't mean though that I won't ever buy 5 more shares or pull an order if that will lead to, say, a High Close. )
Yes the pricing can be very accurate down to a few shares on a higher or lower (than last price) close. Flitting back and forth as orders tip it one way or the other. It appears to be that the desperate sellers are squeezed for a lower than last trade price and also front running large buy orders, price will close that little bit higher.