When 13c started getting tagged in volume I took 169k of them (most remaining) and the algos immediately front ran and cleaned out 13.5 and 14c. Hence I guess it is a short covering algo.
I thought the High Court ruled that buyers must buy their shares at the lowest possible price, so to frontrun and clean out 13.5 and 14c with no price discovery must surely be 'price manipulation' by the High Court's definition?
Guess it depends on who you are.
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Would like to see more buyers hit this brutally and stick it to this short covering algo.
When 13c started getting tagged in volume I took 169k of them...
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