They often stack the sell side with fake bids,
That are far away from the price the stock is trading at.
If they are about to be hit,
They pull them before this occurs.
They attempt to trick people that there are more sellers than their really are.
If they really want to they can sell a small amount of shares,
At a lower price to what the stock is trading at,
To trigger stop losses,
then accumulate far more than what they sold.
They basically trick retail,
And engage in price manipulation on a daily basis.
This is against the Law,
But as it's the ASX, and they use Shultz's motto of "I see Nothing",
The ASX does nothing about it,
Even though they can easily find out who it is.
Have a look at the fake bids on open and close as an example of the rubbish,
They get away with on the ASX.
Fake bids every day that get pulled just before they would be executed.
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