20 and a half million shares later ......... Gee Whiz ...... up 2.5c !!!
What a load of manipulation but I am not suprised.
Seriously, how many of the 3099 trades (sales) were genuine ? Not many I reckon.
Patience is the key here, I realise this - but does not mean I have to like it and unfair tactics by some in any domain bothers me very much.
I have some minor suggestions for changes to the trading info on the ASX platform.
I am curious to understand if this may be doo-able without too much difficulty ....... or am asking for too much ?
1. REGISTERED NUMBERS to buy and sell shares (no personal details) ........ just like an auction and the registered number included with each individual sale/purchase.
2. SiGNAL the direction of all transactions ........ if they are in direction of the buyer price or seller price.
Would that be difficult to do ?
Would that be more fair and transparent ........... or would that be unfair and too transparent for the manipulators ?
Just wondering if this would be a reasonable proposal to put to the ASX ......... IN THE NAME OF LESS MANIPULATION ?
I presume the ASX wants to promote and endorse a fair operation of its platform and by refusing the above suggestions would be a signal
that they oppose - LESS MANIPULATION, and support MORE MANIPLUATION ..... would that be true ?
Hi newpunta,
Definitely ASX daily trading data would show that Bots are responsible for BRN manipulated capitulation of 50%.
Weather it's Shorters or Accumulators it's plain to see, it was their Bots which made their gain possible and our loss in a big way.
Over and over through the days , a 1 share sale will drop the price a pip or two , then come to after market adjust, their Bots have agility to know when 1 more share on the sell side will lower the closing price, every day practically and nothing we can do about it.
50% is like 1.5b that was just ripped off from Aussie retail because ASIC licences Bots without rules, because someone in Authority took an underhand payment for a green light, IMO
Sadly in need of a judicial Inquiry into the domestic cost of Algorithmic Trading and expose' of all Party's involved.
I just had a late thought that the govt probably makes so much tax from Bot operators at the end of the day and it cares not how much citizens lose.