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!
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Hi NickVCIn total there have been 76549 shares traded today in...
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