The 1 mill sell at 70c is there again this morning like clockwork. Wonder what the goose thinks this will achieve. Maybe there is some simple buy sell algorithms that don't price weight that they are trying to affect.
Maybe a broker trying to keep it off the radar to keep the price down a bit for stock acquisition purposes by trying to make it seem seller heavy.
Is there any way we can find out who is dropping that order in every day? Maybe write to the ASX. I didn't think an order of that size could be placed under recent 'too far from market' rules. Maybe brokers don't have to comply with those, just like they don't have to comply with the $500 min trade and can use bots and algos.
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The 1 mill sell at 70c is there again this morning like...
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