If you look at the Bot today is is trying to accumulate MEO at 33.5c. The tactic it uses is to push through continual sales of about 1000 to 2000 shares as sells at 33.5c. This creates uncertainty amond mum & dad traders so they sell larger parcels of MEO at 33.5c.
Guess who is waiting on the 33.5c buy side with big orders. The BOT trader of course. If you look at all the BOT small parcel sells today they only add up to be about 28000 shares, whilst the amount of shares being bought at 33.5c by the same BOT trader is far more than that - 400K plus. So the bot sacrifices small parcels of sells (most likely to itself anyway), to at the end of the day pick up bigger parcels of 33.5c shares as people panic and get out.
I know this has been said before but if you do the maths it makes sense. The BOT trader will continue to do this if it steps down between 33.5 and 33c as well. Same tactic just at a new lower range.
To beat it just dont sell. The bot then wastes it time selling small parcels of shares to itself and will then try the other direction for a pump and dump.
MEO Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
