People rent out asx or other companies trading computer platforms for a fixed fee instead of being charged 10-20 dollars per trade.
They then execute a programe to sell tiny amounts of shares in order to trigger one or multiple sp holders
stop-losses in an attempt to scoop up a cheap deal.
thats why you never have tight stop-losses. Because it can cause what I like to call a "cascading stop-loss ladder".
or if theres considerable absorption at a midway sp.
It creates another version called a "stop-loss cluster bomb", as everyone has set their stop losses at 10%-15% below current market price.
Last thing is this. If big fish are hiring bots to try this sorta game then the stock is worth something.
my 10cent, DYOR and all that
Charting Only., page-1039
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Last
5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $417.2M |
Open | High | Low | Value | Volume |
5.7¢ | 5.8¢ | 5.6¢ | $1.040M | 18.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1917207 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 653942 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1917207 | 0.056 |
14 | 3386705 | 0.055 |
25 | 3644629 | 0.054 |
15 | 2901167 | 0.053 |
19 | 1811203 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 653942 | 7 |
0.059 | 3329802 | 11 |
0.060 | 1565197 | 16 |
0.061 | 2979688 | 13 |
0.062 | 332268 | 4 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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