From what I understand, trading robots (bots) are generally employed by institutions.
These institutions don't pay a fee for each transaction (like "retail" investors have to pay to say CommSec for each transaction) - as they only pay a fee based on the aggregate of trades throughout the day.
So they can "set the bots" to either try & drive the share price down or up with heaps of very small trades - depending on the outcome that they want.
In small companies with not much volume of stock traded, it is a very successful strategy - albeit very frustrating to the retail shareholders (if the the bot is set to try & to drive the share price down).
Some of the institutions may be shorting the stock - or they can be working on behalf of shorters.
This is probably not the case with Pointerra's though - as only a very tiny % of 3DP shares are shorted (around 0.04%).
From what I understand, trading robots (bots) are generally...
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.23M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $5.008K | 132.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 880229 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 34608 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
0.000 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.7¢ | 236136 | ||
| Last updated 14.40pm 03/05/2024 ? | |||||
| 3DP (ASX) Chart |