Most of the CXA on the buy side are probably fake as every time they get threatened with a fill they flee if the past is anything to go by. On my order platform they are listed last, but I think if a chi-x to chi-x trade they will cross and only jump the queue then.
CHI-x is being used to run frontrunning algos on many stocks in the last few months. Even penny dreadfuls under 2 cents that trade once every few days. It is completely inappropriate, but ASIC must know best!!
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Almost 9 million shares dumped in the last two days. Anyone else wondering if it's Whiddon? Or what, was that placement part underwritten? Algo kicked in very shortly after those share issue notices. I reckon seller will overwhelm the buyer and dump down through 2.3c when they dont get more bites at 2.4. Then they will dump down through 2.2c when 2.3c buying dries up. God help us if anohter 30 million are hitting the market.
RIA Price at posting:
2.4¢ Sentiment: None Disclosure: Held