If nothing else, this is a classic case of bot trading, and no wonder with this rapid trading, the little guy has no hope from this market manipulation. The interesting thing is in this instance, the overall purpose was accumulation, but with the price obviously being manipulated up and down, it is almost impossible to determine whether accumulation or overall selling is occurring.
I still fail to see how this bot trading is OK with the ASX.
I suppose if you are glued to the screen all day (like most day traders), you can make some good money, but I do feel for the little guy coming home from work to see that the share price is the same as that morning but his stop loss has been hit and he or she has sold the shares for 5c less.
Only rambling but the main point is the classic pyramid shape of bot trading
Cheers
TM
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