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$13.13 neuren pharmaceuticals limited

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good1234

2,649 Posts.

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20/09/23

08:22

Post #: 69927084
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Originally posted by Guzz: ↑

im going to keep my 2c short - and also state this is IMO.

There are algo's, and there are algo's - I, too, have written some for broking houses.

Some are used as an indicator - or a canary in the coalmine if you will - to gauge volume interest and activity
Some are used as a SG scraper - to hit Stop Gaps and force hands from those that have auto sells at lower prices
Some are used as a SP inflater - to increase the SP either prior to a CR or the volumes to impact VWAP, or to allow a big player to exit at a high price.

All tools of the trade - all used - for different purposes. And all allowed when brokers pay 0 fees on transactions...both for size or frequency

And yes, the number of shares is also used as a comms device for others on the "team" to easily identify whom is doing what. Quite handy for when multiple brokers are playing shenanigans on a stock.

And then you have the final irony - whereby all of the above is used within the boundaries of the self-prophesy of TA - bollies, bands, testing gaps, etc. Make the rules, follow the rules...also known as follow the money.

Anyone who thinks this isn't occurring is either blind...or part of the system.

Now, whether this IS occurring on NEU currently - I say emphatically yes. What can you do about it ? Sweet FA.

So like Shaun of the Dead - just grab a Pint and wait until it all blows over...

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Great post thanks.

You summed it up nicely by saying we just need to wait until it all blows over, and that we can do FA about it..

Its frustrating, but we know what we have here in Neuren and you decide to back it from here or not - I’m backing it for higher prices ahead.

Last edited by good1234: 20/09/23

NEU Price at posting: $11.18 Sentiment: Hold Disclosure: Held
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