Thursday, 26 March 2020

Is this investing or speculating?

NetX (0020)

What will happen to the bid-ask spread?!

You may be pleasantly surprised that all the bids disappeared.




23.3.2020

Bid 0.005 (208,689,300)
Ask 0.01 (12,103,100)

😊😊


26.3.2020

Bid 0.01 (250,000)
Ask 0.015 (92,783,300)

😊😊




On 23.3.2020, 12,103,100 shares were offered for sale at 1 sen per share but many buyers appeared in the queue wishing to buy lower, at 0.5 sen per share.

On 26.3.2020, there were ready buyers for 250,000 shares at 1 sen but many sellers asked to sell at 1.5 sen per share.

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