Some quick analysis.
Looking at the course of sales and the trend on the bot action today. If you look at each batch of trades you will clearly see that there is a larger accumulation at 18c currently and then smaller parcels sold off at 17.5c.
I dumped some of the info into an excel spreadsheet and did a few calculations to look at the trends. The bot has been set to sell off anywhere between 20-25% of whatever it accumulates during its first trade at 18c, over the subsequent smaller trades.
This suggests that the accumulator is holding the price down and getting others to sell while he stocks up.
I mentioned this in a previous post that most people that trade have a herd mentality and sell because others are selling and buy because others are buying. In this case the individual that has set the bot is creating downward pressure after each larger trade, so others will sell so he can stock up on cheaper stock.
I guess as an analogy you could refer to him as the sheep dog. What do they do best?
- Forums
- ASX - By Stock
- SSN
- bot accumulating-someone wants in!
bot accumulating-someone wants in!
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online