MEO readers sorry to keep rambling but just another point on the BOT:
the bot will typically only give up and work the other way when sellers dry up. After all no point sitting there buying its own small parcel sells for too long. Once it has accumulated enough stock or sellers dry up it then reverses its tactic and having accumulted lots of stock at low SP prices it will start to stack the sell side with big sells (starting just above its lowest buy and ranging up the sell price range).
As it starts to work the price the other way and buyers start to jump in following its lead it gets to sell all of its accumulated stock for profit on the way up at different ranges, starting at small profits but getting bigger as the SP increases.
It can continue to do this up and down all day every day. The more fear or volatility in a stock the happier the BOT trader is as people will follow its lead.
MEO Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
