ICN icon energy limited

active "bot"???, page-4

  1. 23,553 Posts.
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    Does anybody genuinely believe that our stock trading is not being distorted by the bot that has been operating for the last three days?
    Virtually ALL trades in those three days, including this morning, have been through the bot. What does that tell you? "Someone" is the sole player in our stock and nobody else is game to come in not knowing the intentions of the owner of the bot. What are their intentions??
    Bots are permitted to enable large orders to go through without distorting the market. But, in a small cap, low volume stock, like ICN, it is distortion and effectively becomes manipulation when only one person knows which way the so called "large" trade is going to occur.
    I have reported it to the company and to the ASX to see if it can be nipped in the bud to enable a level playing field to return. But, I'd be watching trading very closely.
    Hopefully, a positive ann re commencement of Halifax-1 might bump up trading volumes and for some "normality" to return.

 
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