You have a good point, but these bots are programmed to cause an outcome.
At the moment down, but when re programmed up.
I think here, to lower the sp, for the wealthy and institutions to accumulate.
That's how wealth moves from the little guy to the big guy.
It sux, but that's how the world has always, worked.
On Monday, when we hit 4.4c, it eased back a little to 4.2c.
That was all normal, but a singular order went on the sell at 4.2c for 7m shares. 300k worth.
The order was there for 2 minutes, then pulled.
It was a warning, I'll dump on you or would have stayed there.
Sp retraced afterwards and ended up down for the day.
I also noticed and this is outside bots, but orders got pulled from buy side and orders got added to sell side pretty much in tandem with that 7m order flash.
There are investors I know that buy in $500k to $1m lots, without blinking.
So they can easily control the sp together.
I agree bots should not be allowed.
Still at the end of the day results do determine the end game.
I guess for the newbies, it is important to know tactics so you do not get fleeced.
RDN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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