The funny thing is it is so obvious that trading bots push the price down, see below:
Bots are automated trading software/systems that trade to a programmed strategy.
The large investment houses pays an annual subscription to trade the ASX without fees per trade. This means they can operate a bot program to place buy orders in a huge number of very small volume trades designed to either push the share price up or down, or push the share price into estimated stop loss zones.
Once those stop losses all get triggered and further selling takes place, then they buy in on volume at the much reduced price and ride the share price back up.
EOS seems like to be the target - If I had a trading bot I'd do the same thing to get as many as cheap as possible - they know the potential of this company.
Shaking the tree, page-17
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 (20min delay)
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $271.0M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.27 | $1.122M | 873.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 7938 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EOS (ASX) Chart |
