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5.26%

3.6¢ octanex limited

Wow ...... What is happening. Buyers are building up and the...

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uazy4

196 Posts.

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19/05/17

14:37

Post #: 24797481
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Originally posted by uazy4 ↑

Has anyone noticed the operation of an OXX bot operating in the pre-open session only?

I only stumbled upon the bot by looking at all quotes in the pre-open. The 3 bids appear just after 10:00. It has been there for a number of months at least. It is designed to push down the price by offering to buy shares that have been placed "at market" and not a fixed price. Bids for a small number of shares (300 or 600) are placed at the highest current bid plus other bids for similar small parcels at the next 2 lower prices. The 3 bids are cancelled normally around 10:06.

I don't believe it has resulted in any sales due to the very closely held share register. I cannot remember any trades for 300 or 600 shares in the recent past. So why is it there?

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Wow ...... What is happening. Buyers are building up and the smarties are not buckling and selling. Even the pre-open bot is now operating during day trading. Look for 1900 shares at the three prices immediately below the highest buy bid. Talk about trying to push down the rising share.

OXX Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
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