Interesting...........I made a share purchase a couple of days back, the end result of which would have been to life the share price 2 cents.
On the same SECOND that my trade was completed, one share was sold which held the price back down 1 cent. And I thought market manipulation was illegal.
Here's a description of Bot Trading from Bullion Vault.
Trading bots monitor any combination of data which can be sent to and from the web client [you] by the appropriate web server [us]. They ask for data, and work with it, and make decisions based upon it, and then automatically issue orders back to the server by sending messages in the same form that would be sent on the click of your mouse in Internet Explorer.
Bots have no privileges over ordinary users of the system — i.e. no extra data. They have to log in like normal users, request and review the information available to them, and make their trading decisions on a combination of web site data and whatever other information their designers make available to them.
From the BullionVault server's perspective in all material respects the account of a bot works exactly like the account of a human. When the server is processing orders it is not able to differentiate between those sent in by a bot and those sent in by a human being. In fact a bot is in many ways a proxy human being, because it belongs to a real human being and manipulates positions of gold and money in the accounts which belong to him too.
So everything the bot does it does on behalf of a real person. It just does it quickly, and (unless the bot developer is very careful) sometimes not very intelligently. Computer programs are often like that.
MEO Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
