Trade bots Yes even poor little STT is being traded by these trade bots.... I have been watching the order book and trading for some time... If ANNON or TD ( Not the only the bots) acquire shares they immediately put the acquired block up for sale just under the ask price.
The key is the speed at which this happens, Today someone ( Not me) sold 99 K via CIBC (79)
Most of those were purchased but 7 and 1 Not necessarily all of them.
| Recent Trades - All 5 today |
| 11:33:12 |
V |
0.075 |
-0.055 |
39,000 |
1 Anonymous |
79 CIBC |
K |
| 11:33:04 |
V |
0.075 |
-0.055 |
20,000 |
1 Anonymous |
79 CIBC |
K |
| 11:33:03 |
V |
0.075 |
-0.055 |
9 |
44 Jones Gable |
59 PI |
E |
| 11:32:53 |
V |
0.075 |
-0.055 |
20,000 |
1 Anonymous |
79 CIBC |
K |
| 11:32:47 |
V |
0.075 |
-0.055 |
20,000 |
7 TD Sec |
79 CIBC |
KL |
Immediately after the purchase TD put a sell in for 20K at 11:33 @ .11 and Anon put a 1000 shares @ .11
I put a sell in for 8K at .10 and before could even check Annon moved their 1000 share ask to .095
so I moved my 8k ask to .115 Annon left the sell in at .095
| V:STT Market Book By Order 12:09:37 |
| Bid |
Ask |
| Spec |
Time |
Broker |
ATS |
Size |
Price |
|
Price |
Size |
ATS |
Broker |
Time |
Spec |
|
11-19 12:05 |
1 |
V |
2,000 |
0.085 |
|
0.095 |
1,000 |
V |
1 |
11-19 12:05 |
|
|
11-19 11:33 |
1 |
V |
5,000 |
0.08 |
|
0.11 |
20,000 |
V |
7 |
11-19 11:33 |
|
|
11-19 11:33 |
1 |
V |
11,000 |
0.075 |
|
0.115 |
4,000 |
V |
59 |
11-15 11:50 |
|
|
11-09 15:15 |
2 |
V |
9,000 |
0.07 |
|
|
8,000 |
V |
79 |
11-19 12:09 |
|
To me this just shows how pathetic our financial market have become, and how difficult every Jr company is under attack to strip such a slim margin for a penny stock.
STT is not alone.... this type of trading ( Manipulation, box trading ) is happening in virtually EVERY stock in the venture market!
This is why the venture market has seriously under preformed the other North American markets over the past 2 years.... The robot trading is dominating the market, stripping profit from even the smallest of companies. Our regulators are also patetic as they allow this manipulation of a market which rely on investors providing funds to advance fledgling companies. The end result is excessive dilution and the downward spiral of the venture stock prices.
Regulators should be shot with a ball of their own sheit for allowing this manipulation to proliferate the Jr market... Bots owners, go pick on someone your own size!