MrGordon - in short - yes.
Small volume this morning and the bot is having a ball.
Starting at 45.5c and driving the price down to a current 42.5c by buying/selling to itself (I believe a big %age of the volume is bot internal transactions) at the last price or half a cent above; generally in batches of two or three transactions preceded by a sale of 100 or so shares.
The bot generally pounces when the sell volume by others increases but it leaves some shares to act as a catalyst for other sellers to accumulate before it pounces again.
Highly illegal according to the ASX rules but it is happening to many stocks. Go to:
http://www.asx.com.au/supervision/participants/market_manipulation.htm
And try to follow links to reporting manipulation - its a complicated process that should be followed up by COE management with the help of their legal guys...
ASX is a paper tiger. Their rules forbid Market Manipulation but MM is alive & well.
That is my interpretation of the situation and would like to hear the opinions of others as I might be 100% wrong.
who do we blame, page-2
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $554.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $408.3K | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 599000 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 541496 | 11 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
0.005 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 21.0¢ | 20.5¢ | 10626558 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| COE (ASX) Chart |