That’s just the closing auction—hardly a conspiracy. How does this fit into the idea that ‘hedge funds are riding roughshod over the little guy’? We're talking trades at 12 cents, likely driven by algorithms trying to capitalise on the overhang of closing auction.
If you really believe these big hedge funds are out to squeeze ordinary investors for a measly 12 cents, then you might want to brush up on your understanding of market dynamics. There is no copper on beat because this is normal market behaviour and allowed, nothing wrong with it in the slightest.
Again How does this fit into the idea that ‘hedge funds are riding roughshod over the little guy’?
CXU Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
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