trading gamesPlaced a bid for 12000 shares for a few days at 9c., unfilled and getting bored I decided to buy at market ($120 difference). Within minutes 1000shares are traded after my purchase at 8c, the net cost of $70 reduces the market cap by 20% i.e $70 reduces market cap by $450k approx. Currently there is a bid for three lots at 8.5c.
Is there a market maker (official or unofficial) keeping price down for re-pricing of options? There are a number of other possible scenarios. Anyway, just an observation. Any comments? Certainly time for a corporate update.