There's been a lot of algo trading in the last week or so.
Even the way all the 1.8's were dumped before, they weren't all at the exact same time, a stack of smaller orders.. and then all the smaller buys lined up at 1.8.
Very strange.
Noticed this morning how over 2m were absorbed on chi-x before anything hit asx.. such a rort how these big accumulators get priority over the genuine asx queue..
You can guarantee they'll use a few of the 1.8's they've jagged today to ensure the price drops right on 4:10... so long as no-one dumps any down to 1.7 for them to use!
No doubt the accumulators are the same people that get in on each raise.. keep forcing the price down, make sure it closes on the low by bot dropping a few shares last second at 4:10 to keep the monthly average that bit lower.. then get their discount on the averages when raise time comes again.
Surely Paul has news coming to smash it out of the park this month (coming week/s) rather than another round of low dilution.
Whenever it looks as miserable as it currently does, it always seems to pick up soon after..
Be greedy when others are fearful?
Time for big 4 and others.. they're all back to work over the last week.
Bring it on already. Let's see why BNP is accumulating 65m units, HSBC and others recently.
NOR Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
