Hahah. Just because you use IMO doesn't prevent it being a statement. You need to do more research on algorithmic traders to understand what there purpose is and what they do. Here is a good definition of what it is (from Investopedia):
What Does Algorithmic Trading Mean?
A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of impact on a stock's price. Large blocks of shares are usually purchased by dividing the large share block into smaller lots and allowing the complex algorithms to decide when the smaller blocks are to be purchased
Investopedia explains Algorithmic Trading
The use of algorithmic trading is most commonly used by large institutional investors due to the large amount of shares they purchase everyday. Complex algorithms allow these investors to obtain the best possible price without significantly affecting the stock's price and increasing purchasing costs.
Hotcopper supports too many misinformed investors. The "bots" (which is a term solely used on this forum)are not the factors restraining the share price, it is a lack of catalysts which stop a share price going up. How come it is always "the Bots" when the share price falls but never when its running?
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51.0¢ |
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Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 92577 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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51.0¢ | 101000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 92577 | 0.505 |
1 | 62764 | 0.500 |
4 | 210449 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 101000 | 2 |
0.515 | 3300 | 1 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 16.16pm 02/09/2024 (20 minute delay) ? |
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