I hold another Iron Ore share (MGX) and since 11 April it's SP has been decreasing. The speed of the decrease increased with BOT activity as I think the BOT hit peoples stops and created a loss of confidence with more and more opting to take their loss or lower profit and get out.
A few days ago I noticed that a BOT had commenced in CFE and I immediately got concerned that here I go again. And yes it has happened CFE has done exactly the same as MGX. If you look at todays value per trade it is only a measly $1947.
Have a closer look and you can see trades of 1 to 2 shares up to double figures that are obviously not individuals but are the Bot at work.
What does this mean long term for CFE? It could mean someone is accumulating, or someone is getting out - I don't know. What I do know is that it destroys holders confidence and they sell out so I'm leaning more towards someone frightening people into selling so that they can accumulate.
How to defeat the BOT? I don't know - I'm open to suggestions. But I'm holding and not selling so if they are accumulating they arn't getting my shares. If I had more cash I would buy - especially when I could see that the depth is nothing but BOT sell orders.
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I hold another Iron Ore share (MGX) and since 11 April it's SP...
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $80.35K | 80.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 31658116 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 115578703 | 44 |
Last trade - 15.55pm 01/11/2024 (20 minute delay) ? |
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