There's a big difference between HFT and algorithmic trading. HFT just takes small amounts out of the market and is very frustrating to many. Algorithmic trading runs a program which is programmed to do a specific task - accumulate or distribute (buy or sell) net amounts, drive the SP up, drive the SP down, trade the spread, or anything else that can be done with a publically traded stock.
LOM is certainly being bot traded - they trade the spread daily. The also govern the short term trend. The long term trend will always remain governed by market forces - however technical damage can be done to a companies share price which makes recovery longer / harder.
Its a complex issue and neither ASIC of the ASX are on your side. I recommend to all in the market to learn to recognise various bot trading patterns and trade with that knowledge as best you can.
IMO, DYOR
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Last
7.1¢ |
Change
-0.001(1.39%) |
Mkt cap ! $20.59M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.2¢ | 7.1¢ | $1.014K | 14.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 161000 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 108501 | 4 |
View Market Depth
| Last trade - 13.39pm 30/07/2024 (20 minute delay) ? |
| LOM (ASX) Chart |