PIR 0.00% $1.49 papillon resources limited

"The bot(s) would only be skimming off a few cents or fractions...

  1. 1,663 Posts.
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    "The bot(s) would only be skimming off a few cents or fractions of a cent on a daily basis without much care for long term price movement"

    Correct. But the bot moves with the flow and in some instances makes its own flow. If the POG has gone up 2% why would the bot keep the price down, it would be a stupid way of making money.

    The spread that we see everyday is artificial and is made up with bids and offers under 1000, as well as 1200, 2400, 5000 and any other number they see fit.

    "IMO, the move from 60c to 90c would be more to do with investor sentiment."

    The move from 60c to near $1.30 was due to the bounce in the POG. All goldies bounced hard including bots.


    The bot works hard every day on PIR, and as I type this right now, the volume on PIR is 25,507 but there is 78 trades within that. By the end of the day it becomes a clown act.
 
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