The only way to make $100m from $10 - except perhaps if you bought BRN a few years ago
The hypocrisy of this given what the Instos do is just sickening
My problem is the lack of equity where so called marketable parcels are concerned.
Technophobe that I am I find the argument very shallow that allowing retail to trade one share is impractical and requiring 500 share trades during trading hours 10am to 4pm by them while allowing large corporations with computers directly connected to the ASX to trade from one share to infinity during a trading day and either side thereof the very definition of corrupt conduct.
If a local real estate agent rang his developer friends and told them there was a property which he had just listed but had not advertised publicly but if they were interested he would put it too auction and start the auction two hours before the published start time so they could bid unopposed and knock the house to them for their opening bid upon evidence of this occurring the agent would end up in gaol along with the developer.
If the head of acquisitions in a government department called for tenders from only a group of hand picked special mates who paid him by renovating his house this would be considered a conspiracy and the participants would go to gaol.
If a member of parliament was given inside information about a coal mine that was going to be approved and bought the land in advance of that approval this would be considered a conspiracy and the participants would go to gaol.
So how is it that running a rigged imbalanced market for the advantage of a select group of participants who just happen to be paying money to the ASX does not meet a similar fate???
I have said it before retail cannot hope to swim with the sharks so the only way to survive and thrive is to Do Your Own Research, Understand what you are investing in, Invest what you can afford and no more and Allow time in the market to iron out these criminal anomalies.
My opinion only DYOR
FF
AKIDA BALLISTA