whats all the hype about, page-135

Hi NickVC

In total there have been 76549 shares traded today in parcels under 4000 (most online/retail brokers I believe have a $500 minimum package size, making the minimum a normal person would buy above 4000 shares at the current price).

That's a reasonably small number of shares for someone to be bothered with an algorithmic trade.

So, the possibilities are:

the bot is in it long term, to pick up stray shares over an extended period without causing too much daily volume to allow people to trigger onto their accumalation

a bored stock broker has decided to use a bot instead of standard purchase just because they can

the bot is there to lick the uptick side of the bid/ask to make it look more attractive short term - allowing shares to be sold

Personally I think option 3 above is most likely, but who knows!