ABS a.b.c. learning centres limited

sale on funtastic share, page-17

  1. 11,659 Posts.
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    "Yep, they lost nearly 20 million shares, triggered by the bots selling things off."

    Oxtail, you are dead right. Before bots sell they first have to be programmed on how to sell. In this case it appears Bot1 was programed to take out the buy side with Eddy's shares and then Bot2 was programmed to eat up as many of Bot1's dumping rampage as possible. I wonder what name they gave to that automated trading algorithm? There should be a law against this type of market manipulation.
 
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