Here’s some of the bot trading late in the day…
Though I’m not an insider and have no clue how these algorithms operate, I think we can safely say that their objective would be to either:
1) Keep the price high and sell into that price, or
2) Keep the price low and accumulate.
In the closing price auction (4:00 to 4:10pm) we have this situation:
It takes just one surplus (sell) share to drive the closing price down to 46c. So, all orders which were matched and executed in the closing price auction did so at 46c because of that solitary share. We had this same situation occur a few months back and some deduced it was for the purposes of accumulation. Those people were right back then, hopefully it plays out the same way again.
Good luck to all holders,
Prisoner24601.
Here’s some of the bot trading late in the day…Though I’m not an...
Add SPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
57.5¢ |
Change
-0.020(3.36%) |
Mkt cap ! $623.9M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 58.5¢ | 57.0¢ | $2.773M | 4.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27916 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 37008 | 2 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
|
|||||
|
Last
57.8¢ |
Change
-0.020 ( 2.96 %) |
||||
| Open | High | Low | Volume | ||
| 58.0¢ | 58.3¢ | 57.5¢ | 1086046 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| SPR (ASX) Chart |