Loading ...It must be illegal, as there is no way that the purchase of 1 share for 5.6 cents Australian can constitute an investment. Seeing that the other immediately preceding trades were for six and seven shares the only reason can be manipulation. It doesn’t really worry me as I’m a fundamentalist, not a chartist, but it is certainly irritating. They make money out of it, running this penny share over a range of 0.8 cents on a day’s trading on a regular basis. And certainly this is only something that can be done with computers and algos as if you were doing this sort of thing 50 years ago you were only doing it with $ shares not cent shares as the timescales were much longer, days or weeks not nano-seconds.
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