"just that to feed minute trades into the system to repeatedly lower the price is something that is both (imo) illegal and immoral."
20 years ago when I started working in investment markets we did not have the algorithmic trading bots that we see in almost every large cap stock daily.
Today the bots are buying and selling everywhere. There is nothing illegal about it.
It looks to me that the seller is done. If he had more to sell he could dump another 2m right now and bounce of the same low he created on open.
I think we have seen the low for now.
But a few more days/weeks of silence and I am sure we will see new lows yet again.
Kiril.
I hold.
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