CUL 16.7% 0.5¢ cullen resources limited

algorithm at work

  1. 7,570 Posts.
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    hi holders, i didnt notice this before wasnt really looking at the sales but there is an algorithm at work here that you can see buying up all the small parcels under 350 units each time. Basically an algorithm is used when a very large order is placed and rather than executing the full amount in one hit which would push the sp up it eats at it slowly leading to a lower average price... its a very good sign and looking at the course of sales this algorithm has been in place for a while at least a week so someone has a big order that is getting bought up slowly... a nice confidence booster not that you need anymore with this company!
 
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