Yeah, the bot was selling into the order queue trying to move the price down.
Too bad that someone put a couple of small orders in the queue to soak up some of them............
Also notice how 'automatic' that BOT was: changed the frequency, timing, and value when those orders were put in......
Also the quick 10.5 sell order and then its removal.
Sounds to me like blatant manipulation, but then with the enforcement and supervision we have in Oz by the ASX and ASIC almost anything goes for the big end of town: BOT trading, cap raisings for the 'sofisticayed' crowd, handing out shares at 9 cents when the market price is over twice that, cap raisings to 'sofisticayed' types in the middle of drills, reluctance to release information, etc, etc, etc.
ELK Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
