Q. Has anyone else noticed the glass floor has been(again) re-introduced?
My previous posts must have struck a nerve...
FYIO("call to arms") events surrounding my recent post scored a lock down on my yellow and black (diamond logo) trading account for a week....they put a block/flag on it preventing ALL purchases, selling only of existing stock at treble the cost!
A word or two was exchanged and flag reversed.
Just a theory Im working on at the moment....
I believe when the powers-to-be intervene (ie. forcefully cancel large qty of valid orders) their or related parties DMA/BOTS(algorithmic trading) get triggered causing a trading firestorm.
Then large qty of DMA/BOT trades increased dramatically,as seen by course of sales qty,% & volumes in previous weeks - not to mention trades valued at $0.13!
The large qty of DMA/BOT trades skews fundamentals&charts.
Potentially making data presented unreliable based on inflated "qty" of trades. I call it a "BOT-factor" which I believe is not recognised by the market and may even be used to turn the autopilot DMA/BOTS off?
Keep an eye out on those DMA (BOT) trade as they may reappear with vengence - see recent history below.
Note: End Of Day % swings!
Note: QTY value omitted - eg. BOT-Factor removed
Recent MST closing prices
Date, Last,Change, High, Low, Vol
20/5/10, 0.011, 0% , 0.011, 0.011, 1809858
21/5/10, 0.011, 0% , 0.011, 0.009, 8341267
Glass floor established - cancelled lrg qty orders
24/5/10, 0.011, 0% , 0.011, 0.010, 4685638
Re-asserts glass floor - re-cancelsb lrg qty orders
25/5/10, 0.011, 0% , 0.011, 0.010, 1535850
Heavy@2min, triggered DMA/BOT attack
26/5/10, 0.010, -9.09%, 0.011, 0.010, 1159706
Minimal trades, Crickets chirping
27/5/10, 0.011, 10%, 0.011, 0.010, 3809323
Heavy@5min, DMA/BOT trader pockets +10-19%?
28/5/10, 0.009, -18.18%, 0.011, 0.009, 7112000
31/5/10, 0.008, -11.11%, 0.011, 0.008, 7691170
01/6/10, 0.008, 0%, 0.009, 0.008, 16995204
Hopefully someone at a higher level will notice and check to see if there was an "internal oversight" by those intervening.
Perhaps? there is "something" being done?
albeit highly questionable...
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