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Ann: September 2016 Quarterly Activity Report and Appendix 5B-CXX.AX, page-55

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pygmyhipppo

974 Posts.

17

08/11/16

19:18

Post #: 20461214
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Originally posted by nak1811 ↑

I dont think you understood my posts, as you probably do not follow the trading activity like I do on some stocks.

Small caps or specs stocks like CXX do not have many active investors trading the stock on a daily basis. Some small caps hire traders to provide liquidity and act as market makers.

I acted as market maker for CXX few times, trading on the market depth gaps.

Today I tried to buy at 20 cents and fill the rest of my order at 22, since the book only had orders at 20 cents and 22 cents at that time of the day. I was able to buy at 20 cents, but bots would come and fill the rest of my order so I could not buy the rest at 22 cents. You cannot just come and say that I can buy at 22 cents now, you comments does not make any sense!

I never said anything about manipulation by bots. I am saying the opposite, saying bots are good for CXX!

Why they are good for CXX:

1) Provide liquidity and narrow market depths;
2) Are being used by experienced traders, so if they are trading here is because they see an opportunity to make money;

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Learned something from your post, thank you.

I've made up my mind. Please don't confuse me with facts.

CXX Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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