Briyu,Last Friday I took out the bids at 4.5c a couple of times...

Briyu,

Last Friday I took out the bids at 4.5c a couple of times and no I am not a considerable shareholder.

Just wanted to claim a small victory ... bought last week at 4.4 so wanted to make a tiny profit for once (only enough for a few cold beers this weekend).

More interesting is what happened. I took the bid at 4.5c with a larger sell order, so immediately ended top of the selling list, however a second later there were sell orders at 4.5c for about 20% of what I was selling.

I backed off in the next minute and those other sell orders also dissapeared. Obviously automated trading.

So, I believe this trading is organised to beat other sellers that may come to market as the share price drops. It probably works the other way around too with buy orders but because I rarely buy at market price haven't been able to see it.

I did that twice on Friday, but don't worry about me depressing the share price. I am not a trader, I am still a long term holder.

Alejandro
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DYOR, this is not investment advice
BDR, HCH, MNC