ADO 0.00% 2.0¢ anteotech ltd

Ann: Test Platform and COVID-19 Test receive CE Mark approval, page-220

  1. 5,197 Posts.
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    The simplified explanation…

    Professionals with the weight of money can manipulate a share price up or down using simple maths, buying and selling shares to themselves.

    Example, in the post 4pm matchup:

    Share price sits at 30c.

    As 1,000,000 shares seek to buy at 30c, 1,000,001 shares being sold at 29.5c drops the price to 29.5 with an overhang of 1 single share.

    If legitimate bidders and sellers join the queue, mathematical programmes make immediate adjustments to keep the maths in their favour.

    The strategic reason to repress a share price is to undermine momentum or confidence in a stock, slowly accumulating at the lower price you’ve helped create, before taking the brakes off, allowing the price to go higher, before selling again for a quick profit.

    Rinse and repeat.

    This kind of bullshit is legal because authorities say constant trading keeps the market churning, but all it does is allow bigger money to do with mathematical certainty what you and I cannot - and would also be considered illegal for us to do.

    From the pic I posted, you can see the smaller trades of 300 or so pushing it down to 29.75 every time an apparently legitimate purchase pushed it up to 30. In the last 10 minutes, I’d have bet my house we wouldn’t finish at 30c.

    It’s essentially racketeering.
 
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Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $49.36M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $33.18K 1.658M

Buyers (Bids)

No. Vol. Price($)
8 2717347 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 723484 6
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
ADO (ASX) Chart
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