There's a bot running today and it looks like a nasty one.Every...

There's a bot running today and it looks like a nasty one.

Every time a buy order crops up it gets thumped with solid sized sell orders

eg

1:37:07 PM 0.530 74 39.220
1:37:06 PM 0.530 495 262.350
1:37:06 PM 0.530 495 262.350
1:37:06 PM 0.530 530 280.900
1:37:06 PM 0.530 335 177.550

And check out the time stamps!Those five transactions happened within a second.

I've been watching the top 50 shareholders for over 12 months and its unlikely to be any of them as there was only 2 insto shareholders left & retail holders don't have the budget to create/run algorithmic trading computers. Plus the RBS Brisbane directors were mostly in the AGM and expressed no interest in trading other than on a potential transaction.

As I still hold the belief that the company is going to do a corporate transaction (see my previous posts as to why)plus with 40 points up on the ords & an increase in the POO/WTI overnight - to me this screams tree shaking to create a lower price platform (eg VWAP for the week/month) for a transaction.

Amazing that if the broker codes were displayed we'd know exactly who is doing this. Instead we have to wait three days .... by which time its old history. Geniuses at the ASX... absolute geniueses.

and its done pushed the price back to 52.5 again as I finish my post....
1:38:12 PM 0.525 352 184.800