Yes, that's what I've seen. That it's never a buy or sell order of 1 share, but 1 share becomes the leftover traded. I used to think that the bot does it to fix the closing price in order to not let a share price increase, and the result being;
- shareholders get frustrated, capitulate and sell to the bots
- people don't buy because the stock is seemingly going nowhere
-> so a small retrace occurs while the hungry bots chomp up the supply and accumulate
It also happens in the reverse sometimes and the bot wants to keep the closing price high.
- Forums
- ASX - Short Term Trading
- STTrading weekend thread 24th and 25th of February 2024
Yes, that's what I've seen. That it's never a buy or sell order...
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