Whilst I don't think the useless ASX will do anything about a complaint on share price manipulation, I'm making this post in the hope others will join me in complaining to the ASX about the apparent manipulation of the share price of CNB and thereby the ASX will be forced to take action if a whole lot of others complain.
I noticed last week that every time the share price started to increase, someone (probably via a bot) sold down a small number shares at just under the current price.
I'm sure that whoever is doing it will say that their averaging their buying. My question though is where is the stock coming from ?
There is nothing on the buy or sell side at anytime from which they can get the small number of shares from, that their buying.
My assertion is, and what I have put to the ASX, is that their selling a small number of their own shares to manipulate the price and buying back a much bigger parcel at the lower price.
That has happened again today.
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35.5¢ |
Change
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Mkt cap ! $61.03M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 35.0¢ | $74.60K | 208.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 162453 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 474 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 162453 | 0.350 |
2 | 80000 | 0.345 |
1 | 20000 | 0.340 |
1 | 14900 | 0.335 |
6 | 34035 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 474 | 1 |
0.375 | 7465 | 2 |
0.380 | 8312 | 1 |
0.385 | 15712 | 2 |
0.390 | 55512 | 3 |
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