......looking forward to hearing what the ASX has to say about the 12+million buy orders that flicked on then off cnp at the close of trade last friday.
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as posted by Swap....
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From 15:56 ish, a series of orders appeared on the bid side:
15:55:56 688k @ 25
15:56:05 1.32m @ 24.5
15:56:12 1.48m @ 24
15:56:23 1.36m @ 23.5
15:56:33 1.44m @ 23
15:56:43 1.52m @ 22.5
15:56:54 2.00m @ 22
15:57:00 2.192m @ 21.5
I have reported this activity to the ASX as it appears to contravene Rule 13.4
http://www.asx.com.au/supervision/rules_guidance/asxl/asx_gn01_prevention_of_manipulative_trading_transactions.PDF
We'll see what they have to say next week.
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