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Algorithmic auto computor trading should be banned!

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bejay

352 Posts.

15/04/22

17:33

Post #: 60874013
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Originally posted by flight11: ↑

It seems to me that there are two possible reasons for a string of very low quantity trades:

Firstly, it seems to be an effective way for the perpetrator to walk the share price up or down as required to enable a strategy. For example, to cause other holders to sell into a dropping price and enable the culprit to buy cheaply. An extreme example of this technique can cause the stop orders of holders to be hit.

Another reason for these trades is when a trader wants to acquire or dispose of a large quantity of shares but wishes to avoid causing a substantial move in the share price, Many small trades are therefore drip-fed into the market to satisfy perhaps a very large requirement. Unless carefully done, I suspect the result can be indistinguishable from the first reason above, even though the motive is quite different.

Regardless, it does seem to be an unfair practice that disadvantages retail shareholders.

Just my thoughts on a quiet day. AIMO.

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Algorithmic auto computor trading should be banned!

WBT Price at posting: $2.73 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.43		Change -0.020(0.82%)		Mkt cap ! $458.7M

Open	High	Low	Value	Volume
$2.40	$2.49	$2.38	$1.652M	680.1K

Buyers (Bids)

No.	Vol.	Price($)
2	11837	$2.43

Sellers (Offers)

Price($)	Vol.	No.
$2.45	25000	1

View Market Depth

No.	Vol.	Price($)
2	11837	2.430
1	2561	2.420
32	41944	2.410
4	55619	2.400
4	9144	2.390

Price($)	Vol.	No.
2.450	25000	1
2.470	8046	1
2.480	2000	1
2.490	10926	4
2.500	45599	6

Last trade - 16.10pm 27/06/2024 (20 minute delay)

WBT (ASX) Chart