Good one Jonesy I think the following extract sums it up...
Quote
"I have recently discovered another reason for using a Bot from my broker as I queried certain peculiar trades in the course of sales.
I was advised that certain brokers use Bots to act on behalf of a large investor wishing to accumulate a larger than normal parcel of shares.
In order to achieve this without spooking the market a Bot is setup to continuously buy smallish parcel at a certain limit in price while following VWAP to speed the process. The market in general would be unaware of the accumulation as only small parcels are bought" Unquote
So who is not aware now?
Good one Jonesy I think the following extract sums it up......
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Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $175.8M | |||
| Open | High | Low | Value | Volume |
| 88.5¢ | 88.5¢ | 88.0¢ | $2.152K | 2.443K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1978 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 602 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |