Yeah, that would be true if there was any bot activity. Watermark of bots is usually 'CXXT'. Check the Course Of Trades. It's like the old days, no bots, just retail all the way. Most ASX stocks, particularly those in the ASX300 are infested with algos and hfts these days. Apart from about a week ago, when there was some odd activity happening, already reported, trading in ADX is almost free of that.
This stock is unusual. For some reason, it does not seem to attract the attention of bots manipulating the stock for their own gain. Probably the free float is too small to be worth their time. Also, it would be impossible for an insto to borrow stock to short ADX, I should think, and CFDs would be impossible to set up.
And that is a very good thing, as you will see when the next bout of 'irrational exuberance' breaks out. Err, sorry, I mean the next rerating on positive news. Start a takeover rumour to see that.
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