COLIN, having made a large purchase today that took out three price levels (up to 52.5c) (at 11:42am).
I was surprised to see within a split second an insertion of three sell orders immediately, placed at 50.5c (6000), 51.0c(1000) and 51.5c (24000) all well below the last sale and pushing the next sale (@11:52am) down to 49.5c.
There is a selling bot that is keeping a lid on the market at 50c. I don't know why. So what is shown on the sell side is not what is really available on the sell side.
Possibly some organisation accumulating for a takeover plan or some other reason. We may see a new 'significant shareholder' on the register soon.
Add to My Watchlist
What is My Watchlist?