$1 trade? - these are single share trades - so around 38-40c a pop.
I don't know enough about it myself but via cross-trade they can effectively be selling to themselves or a partner and are probably in some sort of deal where they get massive bulk discount.
It's "money for jam" as one of my bosses used to call it.
It means we're effectively a disorganised rabble with spears against the machine and its a massive problem right now. We're very competitive based on fundamentals and buyer enthusiasm but somebody not watching Course of Trades is getting the wrong idea.
I'm pretty sure it also makes a mockery of applying TA.
We've had slower bots trading down on us since the 20s off and on but nothing like this.
My point is that surely if this is all legal then there is a way to beat it at its own game.
Deano's solution above nails it
GXY Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
