Absolutely disgraceful manipulation going on with SMM this morning, using trade-bots and algorithmic trading. Whoever is doing it is either shorting it and manipulating the price down, or driving the price down so that they can buy up once it has got as low as they can get it.
Look at the course of sales - an amazing number of tiny parcels that you nor I would be allowed to trade, and on which we'd have to pay brokerage.
Yesterday, it was PDN, CDH, and MRC and somebody tracked down that it was Lehman Bros doing those. Maybe they're at it today with SMM?
Last week, it was Deutsche Bank doing it with PDN.
The whole practice of algorithmic trading should be BANNED!!
- Forums
- ASX - By Stock
- SMM
- disgraceful algo trading this morning
disgraceful algo trading this morning
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $2 | 702 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 13703637 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 10652115 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 13703637 | 0.003 |
23 | 22570499 | 0.002 |
17 | 52000203 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 10652115 | 16 |
0.005 | 3524262 | 4 |
0.006 | 1539400 | 2 |
0.007 | 3621856 | 6 |
0.008 | 1550000 | 3 |
Last trade - 10.08am 07/10/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |