BOT 3.45% 28.0¢ botanix pharmaceuticals ltd

It is just a BOT (robot) accumulating shares. They have been...

  1. 2,901 Posts.
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    It is just a BOT (robot) accumulating shares. They have been programmed to take shares at a particular price point, or after a set of conditions. It is an institution or a soph taking a position. This can go on for weeks and weeks.
    How come they can buy 1 share? These institutions are buying millions and millions of dollars of shares and so they may pay an annual brokerage to a brokerage company, which means they don't pay brokerage every time they buy one share.
    This allows them to setup automatic trading algorithms that allow for accumulation, depending on a whole bunch of variables that they want for their fund or client.

    Why are they doing this?

    People like to read into this, and say Ohhh a massive fund is taking a position, look out we will rise! Or someone is trying to keep the price down. Because sometimes at the end of a trading day a single share or two, can knock the price down (depending on volume etc).

    The truth is... who knows why someone is taking a position? I have seen this activity on some of my shares that have eventually gone into administration, and been terrible, and I have seen on others that have rocketed.

    In and of itself - it means little, but yes it is a probably a bot accumulating for someone.
    DYOR and all that.

 
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Last
28.0¢
Change
-0.010(3.45%)
Mkt cap ! $441.0M
Open High Low Value Volume
29.0¢ 29.0¢ 28.0¢ $599.4K 2.107M

Buyers (Bids)

No. Vol. Price($)
13 647996 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.5¢ 275 1
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Last trade - 16.10pm 30/05/2024 (20 minute delay) ?
Last
28.5¢
  Change
-0.010 ( 0.04 %)
Open High Low Volume
29.0¢ 29.0¢ 28.0¢ 1016190
Last updated 15.54pm 30/05/2024 ?
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