“HFT pull their bids and offers as soon as it becomes apparent which way the flow in moving. Not only do they pull their bids or offers but also transact more stock going the same direction as the perceived order to try and sell this stock back to the buyer a few cents higher. This exacerbates the price moves and increases market impact."
I am not sating this is happening with Pre but bids are constantly being placed then pulled which ever it is going.
This practice is destroying our markets and like the perpetators in the gfc no one is prosecuted and the tax havens protect these thiefs which are and will destroy our super funds.
A fair and honest market please not a market controlled by computers and small percentage market scimming at the detriment of shareholders.
PRE Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held