I saw this happen on another stock. The bot cleaned up 150,000 shares in ADY at 24c over the course of a couple of minutes. Its probably a broker with some program set up to do it; I don't think they worry about brokerage, just roll it into one trade.
I don't know if it would be manipulative. I think its a way of averaging the price on a volatile stock, hitting the asks for a small chunk every few seconds when the price is fluctuating a lot would tend to create a single large order averaged over the price range it took to execute.
Probably some stingy scotsman.
any ideas.., page-4
Add AIM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.48M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 38.5¢ | $24.68K | 62.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35851 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 14255 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| AIM (ASX) Chart |