i am also not a fan of HFT (high frequency trading) - I think its an unfair advantage, but it is legal. I guess i rationalise it as it works for you sometimes and against you in others.
I was more answering the down ramping thing...thats nonsense. all thats happened here is that another voice has entered the echo chamber and that's occurred due to the massive valuation that the market has put on this.
as i said, the market is the market. Rampers, down rampers, shorts, longs...its a market. At times the SP gets ahead of itself and sometimes behind. It's a market.
Anyone try and buy a new car during Covid when all the free money was around? It was impossible. What happened to used cars as a result?
It's a market.
If people think ADN is worth its current price - they'll buy. If not they'll sell.. the stock appears over valued hence its getting sold down. Forget the tin foil hat conspiracy stuff.
It's a market.
ADN CHART, page-4505
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 (20min delay)
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Last
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.59K | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8106342 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 8773977 | 21 |
View Market Depth
| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |