UOS 0.00% 56.5¢ united overseas australia limited

somebody has started stacking the sell side of the quotes with a...

  1. 2,076 Posts.
    lightbulb Created with Sketch. 1
    somebody has started stacking the sell side of the quotes with a set of good sized set of blocking sells. it happens each day prior to market opening. later in the evening when I check the my stock quotes the blocking sells are gone.

    i think the strategy is trick potential sellers into selling down their stock at a price lower than they normally would have. hence they are able to achieve their aim of buying the stock they want at a lower price.

    8/8/2013 at 10.30 pm est. the only three sells left after a number were removed are -
    59c. 25,400
    69.5c. 2,500
    75c. 10,000
    lets see what appears tomorrrow morning.

    GK.
 
watchlist Created with Sketch. Add UOS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.