Originally posted by 1367
I'm against bots as much as the next person but I do recognise that there are arguments that would stand up in court in my opinion.
If the goal of a bot is to accumulate or to sell a stock is the secondary effect of the price rising or falling manipulation?
In reality whenever anybody buys or sells a stock they effect the price. The manipulation we have seen is obvious but difficult to prove that the price lowering is the intent.
especially when in krr's case you have plenty of disappointing announcements that correlate with the price dropping and positive announcements when the price was rising.
Hate bots but they are part of the game
Bots can push a price down [or up if wished] by very small trade amounts. even 1 single share.
I have a friend learning in West Australia at a Uni how to make/build Algorithms for Trading on ASX.
They are designed to follow what ever parameters their designer wants. Download and change out the Algo in the hard drive when you want a different result or pattern.
And no we do not see eye to eye on this method! His eyes are full of greed only unfortunately!
Yak52.
