216 single share trades 121 x 2 shares each trade 74 x 3 shares each trade 48 x 4 shares each trade 46 x 5 shares each trade 36 x 6 shares each trade 48 x 7 shares each trade 16 x 8 shares each trade 18 x 9 shares each trade on & on they go 10, 11, etc
Price pushed down after open by using algo trading & it's been kept subdued somewhat after 10:33am by sacrificing very small numbers of stock all day
This has been very effective in keeping the bulk of the accumulation price today between 4.18 & 4.19
Anyone selling into this programmed trading after open until 10:33 am just gave up their own stock at prices that then set the stage to help the buyer keep their average price down
After the gains Friday there would be stops set by those wanting to lock in their gains for this month, so buyer capitalises by setting the bots to work, commonplace now anyway with PIH and especially so after Friday
At the end of every day now the buy lines are removed (by who?), but you can't see this if you're looking at Commsec as today they hold the depth as it was at 17:03:51 and they are still showing 25 buyers for 81,912 units and 31 sellers for 60,069 units
But in fact all but 9 buyers for 14,638 units have been removed from the buy depth (by who?)
Whoever it is removing their share of buy depth after hours and start fresh again each morning are always trying to make it appear as if there is no buying interest, but facts say otherwise
The sell depth after hours changes also but not by much as the buyer also has small buys lined up in the sell depth which they drop the 1, 2, 3's from into the buy lines
But tonight the top 5 buy lines have been removed which had 48,000 units all from the highest buy price
My conclusion is all this is confirmation this stock is in acumulation phase at present and has been for a while
PIH Price at posting:
$4.18 Sentiment: LT Buy Disclosure: Held
