Guys/Girls,
This thing is a bot, or using some sort of algorithm. And I can prove it.
I tried the following experiment. The large sell order for 1.5M shares or thereabouts is at the end of the queue for the 56c price. I placed a sell order for 0.56c for 7500 shares. Naturally this order should be in the queue after the large order, but when I checked the queue it was in fact in FRONT OF IT!! So I do not know how it is being done but it is not genuine. Have a go yourself. (I then quickly cancelled my sell order).
So if it is not genuine, it is not reflective of anything to do with the SP in the medium to long term. Volumes are dropping. The sell order is flying close to the current SP. He or she is running out of room and will lose interest soon. In the meantime, if it gets close to or below 50c (doubt it) I will grab another handful.
Fascinating to watch, and very educational.
Guys/Girls, This thing is a bot, or using some sort of...
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |