Yep, thanks to the robot trading. As I type this reply to your post, we have had 270,219 shares changes hands today, in a total of 315 trades. That is an average of 857 shares per trade, which means it is algorithmic trading at work. Not at all a fair, equitable or transparent market as the ASX is meant to be maintaining.
Are retail traders really deluded? If they sell now at the price the robots have taken us down to, then yes they will lose money. If they refuse to sell to those who are behind the bots, then the quarterly may not make them rich, but I believe long term the company will make them rich.
Chart, page-263
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 (20min delay)
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Last
$1.21 |
Change
-0.035(2.81%) |
Mkt cap ! $311.8M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.21 | $9.496M | 7.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 158372 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 442307 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |