They are fake orders. Like the 20,000 share @$2.11 buy order that was sitting in IR1 this morning. Orders that have no intention of being filled.
The people who place orders and then pull them are being manipulative IMO. Trying to get the best price? Or trying to create the best price.
There are algorithms being used by bots and brokers in thousands of stocks.... to manipulate.
There are shorters lurking in thousands of stocks.... who manipulate.
I'm actually not sure of your point? Surely it's not that the market is fair and free from manipulators?
Why so touchy about a well known and often discussed phenomenon??
"Market manipulation may involve techniques including: Spreading false or misleading information about a company; Engaging in a series of transactions to make a security appear more actively traded; and. Rigging quotes, prices, or trades to make it look like there is more or less demand for a security than is the case."
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They are fake orders. Like the 20,000 share @$2.11 buy order...
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $23.22M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 17.0¢ | $10.69K | 62.92K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 6084 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.165 |
1 | 10000 | 0.160 |
4 | 94666 | 0.150 |
1 | 25000 | 0.135 |
1 | 23084 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 6084 | 1 |
0.200 | 31020 | 2 |
0.235 | 1575 | 1 |
0.240 | 10000 | 1 |
0.245 | 25000 | 1 |
Last trade - 15.44pm 04/09/2024 (20 minute delay) ? |
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IR1 (ASX) Chart |