ADN 0.00% 0.7¢ andromeda metals limited

Yes GMund,They can't risk using all their available shares, so...

  1. 2,020 Posts.
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    Yes GMund,

    They can't risk using all their available shares, so they do it slowly and progressively

    1) Sell small parcels into the Bid, continually; this keeps the Bid Volume changing; and ensure the last price is always at the Bid
    2) They periodically take a small bullet, and buy back at the Ask in order to replenish stock
    3) They target when to to start their fembot. If you have a look at 10:33.11AM the price was previously, but $0.028 was up so hey sold $74 into the $0.028, and everybody now sees a new low. Note the price went back to $0.029, and then more $74 parcels were dumped at $0.028. They like for us to see a red price.
    4) They try to limit their selling, and fear monger to get others to sell; this way that save their ammo.

    see below

    https://hotcopper.com.au/data/attachments/5478/5478774-019cb8312c28185a8460be3fe847f659.jpg

    Then they using algorithmic trading at close they ensure we alway close at the Bid. I guess this has a lasting effect as it stays until tomorrow AM

    When a stock is shorted I often buy at the Close, why? Because I get put any price I want, jump the Bid queue, and shorters will usually ensure it closes at the Bid.

    They also trade on a different platform; they don't pay a brokerage per trade; with this they can sell small parcels - we can't. Of course, other players could also set up a bot to increase to the Ask, I have once seen a bot battle - one bot up every minute, then other bot comes along and drops a $ or 2.

    We close at 3c, any lucky buyers today at 2.8?
 
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Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $23.75M
Open High Low Value Volume
0.7¢ 0.7¢ 0.7¢ $26.66K 3.842M

Buyers (Bids)

No. Vol. Price($)
67 22714978 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 14407747 13
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Last trade - 14.36pm 13/09/2024 (20 minute delay) ?
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