Nothing unusual in this. Standard practice in opening every day in most stocks. Simply puts him at the front of the queue at matching price.
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I have 17249 which I find quite irritating. The result of accidently loading up two orders in the frenzy and then cancelling one half way through. In hindsight I lucked out because I got more than I had planned at 63 but I should have let it ride and picked up a round 20k. Makes it annoying when doing quick calculations.
Depth seems at odds either side this morning, looks like there will be so major fluctuation.
I've been in and out a few times (got in at .75), a stop loss (that I'd forgotten I had!) forced my hand on the rights issue tumble so right now I'm looking for good re-entry and trading points.
I would like to get back in with a big volume at around 1.30 but I don't know if that opportunity will arise, unlikely to today but could next week on no news and people profit taking / repositioning. Biggest risk to this type of behaviour is clearly more positive announcements which would annihilate my position!
Below 1.50? Maybe, I think the odds of it closing above aren't very good.
Got a bit nervous sold some at $1.55, all good though the most expensives ones I bought
were 74 cents Monday morning. Am hoping to get them back later in the day, if not I've still got plenty.