We had a 11mil buy order at 0.9 cents this morning after open...

We had a 11mil buy order at 0.9 cents this morning after open for a short time which shows that larger brokers are toying with the idea to move in, its just a matter of when rather of if.

PNO witnesses these fake orders prior to every run, as if to warm up for the event.
The more we see this phenomenon occur the harder the subsequent rally usually plays out.

Typically at the time of large fake orders being placed and pulled the share sits at an equilibrium which due to expected news can not linger on much longer.

ASIC will not follow fake orders being placed and pulled as there is no legal way to prevent this from happening.
I understand the frustration at these practices but if viewed over the last days, nobody was lured into any action, neither selling nor buying. No harm done, in my opinion.

It is a phenomenon we all have to live with and it might serve as a way to communicate between brokers to get ready , similar to the much quoted 111111 code for buy or sell signals.

I would rather concentrate on being well positioned for the days to come as something surely is up in the short term.