ADV 0.00% 13.5¢ ardiden ltd

It doesn't strike me as manipulation, stacking a massive sell...

  1. 135 Posts.
    It doesn't strike me as manipulation, stacking a massive sell order in the que at one price and then ripping them out and placing them at the back again is what we usually see. To try and cap off the SP and create the illusion of ample shares at a certain price.

    I think we'll see some more volume around these levels as people set up for a free ride, if they had shares at say 2 cents and another parcel from spp at 1.5 it makes sense to sell off some and let the rest ride. Probably a lot of the selling in that 2.5-3 range could account for this strategy.

    The pre open games really interest me, like what sort of idiot thinks "oh I'll stack the buy side and trick everyone" anyone trading for more than 20 minutes knows you're going to pull your order before open. I still always have a look just a for a laugh.
 
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