Not many insto play that game, unless they are paid by PNO to push sp up prior to cr. I could understand trying to push it down to accumulate, but they are trying to keep sp at 1c not bring it down.
Its definately a daytrader that thinks he/she is smart. But hasnt fooled anyone.
$10k isnt much.
My minimum is $5k as anything less defeats the purpose with the buy/sell brokerage equalling a large percentage of capital.
Most my online trades would be $10-15k(not PNO specific). Ive been as high as $30k. Any higher and my limit is reached and i must call. That limit is higher for some. Depends on your portfolio value and years with commsec without default.
Im sure their are traders playing games in pre open and im sure sending signals to each other. At some point something will materialise.
huge buy orders cancelled daily before open, page-19
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