DMC 0.00% 30.0¢ design milk co limited

When you have dummy bidders sitting on the bid (to artificially...

  1. 107 Posts.
    When you have dummy bidders sitting on the bid (to artificially bolster the support) and unexpectedly buy the shares, it does not help the share price in the short term. I was watching the trades yesterday and I expect the person who bought their 2mil shares at 1.7 (in one line post the announcement) did not expect to own the stock. As soon as his stock was bought, the 2 mil came back on the offer at 1.8, and is now slowly selling into the market at 1.7. It looks as though another 1mil still to go at 1.8.

    If this is the case, this practice of dummy bidding the share price is a form of market manipulation and should be seriously looked at by the authorities.
 
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