Essentially someone e.g. a Broker wants to accumulate stock without the share price rising due to his accumulation and it becoming more and more expensive.
They set a computer program that trades shares (Bot) to do it on their behalf. In this case they are buying a certain amount at 18c and then selling off 20-25% at 17.5c. Most people just see the stock at 17.5c and they think someone is selling, which in most cases causes them to sell. This falls into the brokers hands and they keep buying.
Hope that makes sense...
All I know is its good for us as someone wants in and in most cases when a bot is used they are trying to get a large stake without making massive on market buys that cause the share price to rocket!
- Forums
- ASX - By Stock
- bot accumulating-someone wants in!
Essentially someone e.g. a Broker wants to accumulate stock...
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online