dont be fooled, page-5

dobro...

The small lots are autobot trading, although they can be placed manually at times.

Example, they want to net exit a large position, they set a VWAP automated buy system which effectively splits an order of say 50K shares into numerous smaller orders, which execute every 1 minute, 5 minutes...whatever...thoughtout the day.

The idea is they more or less are guaranteed of getting the VWAP on their order.

Meanwhile, they churn the stock up and down, all the while slowly net selling their stock.

The Austoboit has the effect of constantly impacting the intra-day chart to the positive, otherwise delaying any swings on the downside via obscuring the technical impact of the underlying stock movement. (ie, a sell for 200k at 43c for exxample is immediately followed by a small buy at 43.5c, thereby registering the trade at the higher price at the end of the 1 minute intra-day period.

Works in the opposite direction of course when they want to push it down to accumulate...except the small orders will spill out all day and hit the buy side.

Should be banned in my view.

Cheers!