So this is todays EXT example of a sequential price-slot hogging
Price-slots being hogged by someone placing offers waiting for execution today in Extract Resources
Just a half hour later the sell orders are now ahead of the subsequent orders which were placed
In this case a seller would be pressured into selling to the offer of 10 shares at $7.32 or if they wanted to sell more would have to made offers at but at a lower price
The infamous 617 qty now is the only one in the slot at $7.26 which previously controlled :-
$7.220 and $7.210 on the buy side
and $7.330 and $7.340 on the sell side
Other 617 offers may be hidden lying beneath the 1210 at $7.230 and 1777 at $7.320
Whether the market is moving up or down the price-slot hog controls the action
This is the copy of Etrade action:-
The question has to be asked
Is this a desirable market operation? Or manipulation? Or unfair advantage being taken by opportunists because of poorly designed share market methods?
These methods may not always prove successful for the perpetrator every the time but they do affect the free operation of the market
We need to place a participant ID number atached to each offer so others can see these and make a decision whether they feel the market action is being manipulated
And enable them to decide whether to participate in the available market action or not participate
Same as standard auction laws and auction regulations
