The BOTs are all out today! PYC's share price is increasingly...

The BOTs are all out today! PYC's share price is increasingly looking like being manipulated.

I have highlighted a few critical aspects in the table of 61 "Unusual Transactions" below:

• The time difference between trades are EXACTLY 30 seconds;
• Small trade sizes as low as 3 shares for a total of 41c;
• Blocks of trades at around $100 each;

• For a cross trade at $0.1375 to happen, both the buyer and seller cannot be retail traders as they are not allowed to place orders at a mid point.
• Then for a trail of repetitive patterns popping at every 30 seconds, and the buyer and the seller had not "coordinated" with each other, it's got to be an extreme "coincidence"

PYC - Unusual Share Transactions at Exactly 30 Seconds Interval - Wed 03/02/2021


The Good, the Bad and the Ugly:

• The good thing is PYC is now catching the eyes of the professionals;
• The bad thing is the share price could be manipulated;
• The ugly bit is right now they are suppressing the share price so they could accumulate at an artificially big discount to the CR price of 17c.

What to do with the BOTS?

You wish ASIC and disallowed would weed them out. Their attitude is, while they are bugs they are beneficial to the ecology by providing liquidity which is essential for an efficient market! Read the HC thread https://hotcopper.com.au/threads/class-action-against-bot-manipulation-obvious-illegal-activity.4598114/

Sausage Squeeze - bring it on!

From a TA point of view, they are effectively lengthening the Bollinger Band volatility squeeze (also called sausage squeeze). The longer it goes, the more explosive the next impulsive move would be. It's like a spring being wound up more and more. Once it's let loose, it's going to go violently!

In the meantime, we just need to be patient, hang tight until they move on or some good news announcement! But WAIT FOR IT, the next move could be very strong! DYOR.