Yoda
Regular
Yes it's laughable that the sale of 1 share at a time can provide liquidity in a company with a float of 1.6m shares and when retail shareholders can't buy parcels under $500. The argument is just nonsense used to justify market manipulation. They may as well call it the HFT's 'special trading operation' on the ASX, such nonsense it is - no doubt used to buy the shares of Nazis and drug addicts . . .The manipulation of the market is a fact of life and the legal & licensed use of robotic trading platforms either independent or fee paying to the ASX accounts for these types of trades however not all such trades will be of this type.
For example if you put on a buy for say 1500 Brainchip shares at 95 cents and there is only 1,001 Brainchip shares immediately available to purchase at 95 cents then the balance of your order being 499 shares at 95 cents will remain live in the market until it expires or someone decides to sell you the further 499 shares at 95 cents.
Even purchase orders you might see for 1 share could be the remains of an order that has only been partially filled.
It is when we see order after order going through for small numbers of shares in the 1 to 10 share range that we can have complete confidence it is a manipulation. The easiest ones to pick up are those that are dropped into the market at 4pm to drop the price by half a cent.
This end of market manipulation is so clearly wrong even under the present administration of what constitutes a free and open market cannot be justified as it does not provide liquidity and can only be seen as some sort of attempt to affect retail shareholder psychology.
My opinion only DYOR
FF
AKIDA BALLISTA