I'm no expert, so others may be able to give a better answer.
I think that there are computer-based trades where the computer breaks down the trade into small roughly-equal pieces and trades semi-regularly over a period of time so that the price works out to be an average over the period rather than a one-off possible outlier. However, for IRD today the total of all such trades was around $2,800-worth. Hardly worth doing that for.
Frankly, I'm totally fed up with the wierd wacky and sometimes destructive bot actions that are unavailable to normal investors. In todays' case, if I had put through 57 trades totalling $2,797, I would have been thumped with so much brokerage that it would have been economic suicide. I think it's high time the exchange got back to being an investment and funding facility instead of a wide-boys' playground. If a decent alternative to the ASX for genuine investors ever enters the market I'll be on board right away.
IRD Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
