Evening all
I am a newbie to trading and for a little while now I have been trying to study bots in use on different stocks to get an idea of what they are up to; but the one in use now with DML has me stumped.
Below is an example of the course of sales today, it has been in use for a number of days now. When I first noticed it I thought it was to keep the price from falling, then I thought it was to keep the price from rising. Often when a genuine sale goes through it is followed by a small trade of either 0.005 lower on some days or on other days it is 0.005 higher; then today it had both. So now I am assuming it is to keep it within a certain price range. I do not think there is accumulation or selling going on (unless they are doing it very slowly) as the daily volumes have been about average. Or maybe it could be just day trading.
If someone more knowledgeable than I, has a better idea of what is going on, I would love to have it explained. This bot action does not have me worried as I think DML has a long way to go, but does have me fascinated.
Time Price Quantity
2:04:19 pm 1.285 7
2:03:31 pm 1.285 1
2:03:22 pm 1.285 1
2:02:23 pm 1.285 1
2:01:58 pm 1.280 14
2:01:29 pm 1.280 4
2:01:29 pm 1.280 89
2:01:29 pm 1.285 7
2:00:13 pm 1.285 1
1:58:04 pm 1.285 3
1:57:47 pm 1.285 8,000
1:57:25 pm 1.285 1
1:56:58 pm 1.280 34
1:56:25 pm 1.285 7
1:56:11 pm 1.285 1
1:55:45 pm 1.280 4
1:55:18 pm 1.280 89
1:55:18 pm 1.285 1
1:53:42 pm 1.285 1
1:53:08 pm 1.285 1
Regards, enjoy the weekend. Bill.
Evening allI am a newbie to trading and for a little while now I...
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