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27/03/18
11:40
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Originally posted by rastus2
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Always interested in bot discussions... not always able to follow them however. It prob does not help when my visibility of the price action is limited to basic commsec and not the entire day.
So the action you describe is accumulating because you are seeing a decent volume of the 14.5 sold in an instant (line wipe) ?
Can you explain what order was taken out within milli-seconds ? (14.5 ?) I assume that the bot knew how many were offered @ the 14.5c mark and didn't need to put an order to buy for any more than that.
Cheers,
R2
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Wiped 14.5c with left overs. Order removed instantly within the milli seconds.
Mini sell downs by algos to flush down to 14c. Another 1m order came through now at 14.5c now to accumulate.
I am guessing/hypothesising this buying is from nominees for international buyers and retailers. Price action has been maintained and controlled