Very simple skydanceBy watching "live" depth you often see dummy...

Very simple skydance

By watching "live" depth you often see dummy bids (not really intended) put somewhere in the BUY line (if you want to sell) to give the impression that there is a lot of demand and support there. Then when enough suckers come on as well the dummy bid is pulled and a large qty dumped .. as per the 8.2mil the other day.

The reverse is true if you want to buy shares cheaply. They put on a huge amount on the sell line to scare people into selling.

This often happens with 2c stocks because you can trade huge qnts for a modest outlay.
Hence 1 and 2 Mil lots are common here and easy to manipulate.

Perhaps the ASX should make a new law like once any bid is made it can not be changed for 1 day and must stay in the que. That would put an end to this type of nonsense ..wouldn't that be nice.

Of course it will never happen