TRA - Turners Automotive Group

[Basil]

I suggest you re-read the first sentence of my post again.  I didn't buy yesterday as you have suggested. I bought the day before on the close at $7.15 when some seller dumped a block of shares at 15 cents less than the pre-close match price session.

Closing match prices can move around a bit from time to time in both directions for all shares, often when a large seller or buyer wants to execute at volume.  That's not unusual.

Invest Direct which is the platform I use has such really tight controls around limit price sell or buy  orders that are somewhat different to the prevailing market price they make it unnecessarily difficult to execute transactions sometimes. 

[LoungeLizard]

No matter how you cut it, the SP of low liquidity stocks can be drastically altered by a handful of orders for very low amounts. What is unusual is that orders that are drastically different from the average of the day very often occur at closing times. Banks and trading platforms are required to report any suspicious trading activity to the FMA but in sleepy, complacent NZ I suspect a lot of this activity goes on undetected.

[seaweed]

No matter how you cut it, the SP of low liquidity stocks can be drastically altered by a handful of orders for very low amounts. What is unusual is that orders that are drastically different from the average of the day very often occur at closing times. Banks and trading platforms are required to report any suspicious trading activity to the FMA but in sleepy, complacent NZ I suspect a lot of this activity goes on undetected.

I quite often get sucked into paying more for shares when there is a 5c or 10c gap between buyer and seller It happened to me 2 days ago. Had a buy order to buy 3000 SEK at 5.05 and someone sold me 7 shares and then waited. Then had to buy the remaining 2,993 at the higher price 5.10 on close paying the extra 5c. I like to spend around $15,000 per trade to get maximum use of the $30 minimum Brokerage. So once a parcel of shares go through I am then committed to finish order at close. The same happens when selling going the other way.     

[Buzz]

I suggest you re-read the first sentence of my post again.  I didn't buy yesterday as you have suggested. I bought the day before on the close at $7.15

Apols, yes I missed that, which is important in the context of your post and my assumptive reply.

[Buzz]

So perhaps a bit off topic, but it happens all the time with TRA and other shares, does anyone know how to make a $1, $10, $100 trade, that moves the bid ask so significantly, or even a cent or two? I thought this was impossible (which it seems to be through brokers like ASB Sec), but nevertheless, it happens all the time. There are seven trades today on TRA that did this.

[Basil]

Sharsies, we're all looking at you.

[LoungeLizard]

Small, weird price movements can certainly be Sharesies some of the time. But not all - remember this guy?

https://www.financemagnates.com/forex/regulation/five-tiny-trades-one-massive-fine-after-long-investigation/