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89 Posts.

19/01/17

16:19

Post #: 22006988
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Originally posted by bdell ↑

“bots at work there” = white collar theft aided and abetted by ASX who rent space adjacent to ASX premises to give the thieves’ computers an advantage over their nervous nelly victims. The small trades aim to keep throwing the SP back to the low side of the spread (many times in one day) to suppress the SP. They generally combine this procedure with placing an iceberg (large sell order) just above the market) to force sellers to drop below the big order if they want to sell. The crooks are of course buying whatever stock is sold at this price but often their buy orders are not visible on screen.

The thieves are further encouraged by only paying brokerage on their nett purchases, meaning they can make numerous small sells from their left hand to their right hand and effectively pay less over all brokerage than if they just bought like we do.

ASX meanwhile are very busy playing Colnel Klink (I see nothing) – all fair and above board ! Haha

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Ahh, I see now. Thank you. Learn something new everyday

NSL Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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