So to be clear it was .moronic Commsec and not ASX or ASIC.
now how to counter the BOT??
Let us say Buy 4.9 and sell of 5.3 cents. Like right now.
Active Bot of sell 560 shares continually knocking down to 4.9 like every day lately.
Do you buy 20000 @ 5.3? NO, just feeds the BOT. Put bid at 5.2. Worst case buy 20000 at 5.2.
most likely BOT sells 550 and price sets at 5.2.
THEN, buy 20000 @ 5.3 and see how that goes.
The Chi-x manipulators will try and stop this.
Ann: Appendix 3B, page-26
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