BTA 0.00% 57.0¢ biota holdings limited

abnormal behaviour, page-54

  1. 850 Posts.
    Rapid-trading bot manipulation seems to have ceased, with up to 5 minutes now elapsing between some trades.

    Less sofisticated attempts at sp control seem to remain, including lowest selling is 5 offers always arount 5000 shares. If part of that 5000 is sold it is slowly increased again. If the buying pressure prevents this, the process simply continues 1 cent higher when other sellers at that higher price have been satisfied.

    Guess it could be explained away to ASX easy enough as normal trading, but it is what goes on in the meantime 1 cent below the "blocking" offers that causes my antennas to zoom in for a closer look.

    A possibility is that just about all the trading below $2.50 today is not genuine, but a sham to suck in stop losses and weaker investors.

    Comments from more active traders please?
 
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