something's happening soon, page-5

Answering mogroover, not a prediction of what I think is likely to happen with QHL

There are plenty of reasons. It could be a broker who is also a market makers, or algorithmic trading system. 2 participants that will not have their motives questioned by ASIC or ASX for eventually pulling the orders, as they often do. they can say that they had a client who wanted to sell at that level but changed their minds or they were providing liquidity, etc which are inside their guidelines for trading. these orders are sometimes pulled in the time it takes for your order to hit the market. look at High frequency traders and Algorithmic trading (60% of the global volume according to the FT)


They are trying to get their order filled at the bid. a large order goes above the ask to encourage smaller sizes to sell into their buy orders which are larger than the depth will indicate (could be off screen). once they get a few orders filled then they will reload the buy order. once they have got the position they want the sell order is pulled and the market then is allowed to find a fair price and move up.


They will sit there all day picking off traders who do not know about the manipulation or the double standard that exists with the ASX. If you were in a position to do this as a sole trader or investor you would be pulled over the coals by the governing bodies.

another reason is to lower the VWAP. if they are aware of a cap raising they will try to keep the price lower to pick up a bargain. CR are often offered to sophisticated investors at maybe a 10-20% discount to the VAWP

As a side note I believe that they are made aware of these corporate actions through the GANN method (sacred geometry) because insider trading does not exist inside the ASX.

Full disclosure, I have massive issues with this. think dummy bidding at auctions