Don't know if it is happening to CFE but it IS happening.
"Program traders have a virtually infinite line of credit, pay virtually zero commissions, and are backed by banks on Wall St. with strong political connections who are ready to bail out any losing bets these computers make.
Plus, the computers are able to do something normal buyers and sellers can't do. They can pick a price they want a security to trade at and then fill in all the necessary trading volume needed to get the price of the security to that point. In other words, you can program computers to rig markets."
http://www.silverbearcafe.com/private/07.10/mask.html
For CFE it may just be Delong selling down but it does look like very clumsy trading if that is the case. You don't get top dollar for your shares by placing a massive sell order and gradually moving it down, you sell into depth - trading 101 IMO.
On the latest news this ran to 40c before this seller stepped in.
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cyclone metals limited
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.15M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.4¢ | $33.57K | 617.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 438580 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 438580 | 0.053 |
1 | 200000 | 0.052 |
2 | 260000 | 0.051 |
2 | 80000 | 0.050 |
1 | 37028 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 415630 | 3 |
0.057 | 100000 | 1 |
0.058 | 841589 | 6 |
0.059 | 653000 | 3 |
0.060 | 320258 | 5 |
Last trade - 15.10pm 03/07/2025 (20 minute delay) ? |
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THE CALMER CO INTERNATIONAL LIMITED
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