phantom,
This is bot (robot) trading where the bot is programmed to buy or sell at a certain rate of time and normaly a small amount of stock. They are a bit hard to fathom out as to their motives, whether to move it up or down, but one tip I can give you is that when the bot accelerates, you know something big is about to happen.
Most people here consider them a pain and they can stall any move up or down.
Why would you want to use a bot? Either to hold a price down so you can accumulate or as a means of bringing up the bid so you can dump a load of stock.
Of course, there are 100 other reasons and I guess we'll never ever get to the bottom of it. I have previously fought a bot 30 shares at a time and all it got me was a please explain from ASX so you can't win.
On QHL we have a consistent not bot seller (Invest One) so this is a lot more obvious. I suspect they are more than 50% out now.
Hope this helps.
CD
phantom,This is bot (robot) trading where the bot is programmed...
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $21.15M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $5.487K | 18.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3562 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 3336 | 1 |
View Market Depth
| Last trade - 15.53pm 22/08/2024 (20 minute delay) ? |
| QHL (ASX) Chart |