out of control bot, average trade value $9.06, page-5

  1. 1,971 Posts.
    crystalvoyager, firstly you'll be pleased to know that i've taken my medication so nice and calm now. Name one illegal bot trade ? how about when i was trying to sell UNS a few weeks ago...a bot appeared seconds after i put my order on at $1.24 and undercut me at 1.235, same thing has happened in dozens of stocks, i put a buy or sell on, and a bot materializes from off the screen and plants itself in front of my bid with one or multiple bots for a zac's worth. That's what i call manipulation, it's interfereing with the natural market forces, why should a bot wanting 40c worth of stock get priority over someone selling 10k's worth, just because he has the ability (i dont)and the blessing of ASX to do so by shoving a joke bid in front by a tick because no one else is there. Also if you check your comsec contract notes , you will see that yes...brokerage is $19.95, plus $1.95 GST which equals $21.90 per trade under $10k, and $31.90 under $25k. And yes you can keep your order open if you get part filled for four weeks, i know that...the point i was making, if say you are buying ELK at 15 cents, but cant get a hit and a seller offers say $200 worth at 15.5, you have to move the whole order up to stay at the one brokerage, if you just want the $200 worth or whatever piddly amount it may be, a seperate brokerage applies...that's what i mean about comsec not breaking up orders. If you want to buy ELK at 5 different price levels, you cant do it under the umbrella of ONE order, it's 5 orders, i have checked this out more than once in case the rule changed. They can come to YOU then it's one brokerage, different story if you chase them in bits and pieces, unless you move the WHOLE order. The only way around it is hit the bid with full order and if the rest doesnt get executed immediately, you can move it back to where it was, thats the only way to do it for 1 brokerage. Ahhh the medication has really relaxed me nowwww. And finally, yes many brokers and their staff read hot copper, i personally know of two that post on HC, and there is no doubt that they use daytraders as their suckerbait, would not be surprised if a few teams work here ramping stocks to the great unwashed (myself included) nicknames are a dime a dozen, as are IP addresses and proxies. A broker i used 10 years ago actually told me about hot copper, i didnt even know it existed back then. This thread could get long, might need a tie-breaker. You'd be negative too if you saw the state my shares are in, gees i'd better take another mogadon that coffee negated the effect of the last one.

    Peace
 
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