Ann: Positive Outcome for Peelwood Water Study ! , page-16

re: Ann: Positive Outcome for Peelwood Water ... Don't worry about the BOTS Daning.
They actually are nothing to concern yourself with.
I did a little study on them over the last few session they were involved with on SSC.
Those piddly sales of 15K shares worth $330 are nothing in comparison to the actual buy orders.
For example on the 10th March they sold down 37 times for a grant total of 931,015 shares worth $22,569.86. Whoopie Do!
That day our total turnover for the day was just under 22M shares for the value of $543,000.

On the 8th March which was the BOTS biggest day I've ever seen on SSC, they have sold 160 times for a total of 6.45M shares worth $155K.
Now that sounds like a lot until you look at how much we have actually traded that day - 58M shares worth $1.45M.

They are pretty much harmless as they sell with a very small impact on the SP but I question if their effort is worth it.
Why sell 37 times to sell 931,000 shares?
Why not just sell 1M in one go and be done with it?
The SP would recover quickly and you wouldn't cheese anyone off.
That's the part I can't work out so if there is anyone there who knows the real reason please let me know. LOL