vanguard, page-126

"Why not put a sell on right now for 45,000 at $3.07?

According to the screen that would be absorbed easily."


zzedzz,

Read the following and you may find out something that will answer your question.

It is very rare that I can sit in front of the computer during the day. I am not a trader that Tries to make a living out of trading shares, and I have better and more important things in life to do.

Usually, when I put a buy or a sell bid, it is in the morning, at lucnh time if and when I come in for a quick lunch, or in the afternoon if it happens that I am close to the Homestead and come in for a quick cuppa. The buy and sell orders are usually lodged during those times.

The latest effort at me selling some of my shares (the balance of my last sell bid order) was when I reduced the bid by 20 cents, in one single go, to $3.19 when there were trades already made at that price, when there were already buy bid prices more than sufficient enough to buy my shares, and when there was only a very small amount of shares (maybe a bot amount) that somehow got in front of me as I pushed the sell button. (HFT more than likely, with their milliseconds advantages.) To make it clear, I only matched the sell bid of mine to the buy bid that was shown.

Little to say though, that not one single share of mine got taken up, while during the after trade matching at 16.10 pm, there were many thousands of shares traded at that $3.19 price.

If that is not manipulation and/churning, I don't know what it is.

After all, look at yesterday's trades for instance and you'd soon find out that, for the whole day there was 320 trades for about 90,000 shares in total sold. Such a pitiful amount of shares for such a huge amount of trades.?

Now zzedzz, AKA, et all, what does that tell you??

ZZedzz, you may now ask as to why I din't sell at market instead. But, I can tell you that I have also done as such before, to no avail. The buy bid was removed and I only managed to sell a few shares out of it.

You should then know that, with NAB Online Trading that is, that the sell bid on market can only apply to the first matching figure and, if it is all not taken up in one single swoop, you would have to MODIFY your selling bid once again, or it will stay there untouched until someone else will move up to the plate. As I am not sitting in front of the computer continuosly making amends to my sell bid, I can't do that. And if I only sell 4 or 5 shares (as it has happened) I will still have to pay the $27.50 for the trade. Hardly worth it, isn't it??

And the professional churners and traders knows that, and knows that you will get screwed if you only sell a few shares while still paying those fees to your Online Trading Service Provider. After all if you only sell 5 or 10 shares and you are still charged the full fees, you may as well give those shares away.

Most importantly though, all of what they are doing is quite legal in the books of our Regulators. They can do as many trades as they likes in the 1 and 2 category without having to pay what we have to pay.

Hence why my previous comments/interpreation that we have now become illiquid. Reason I am saying this, is because, if you are to remove the few manipulators and of course M&G which IMO are doing it constantly, NO ONE ESLE is interested nor willing to buy our shares. If there were some genuine investors out there willing to buy our CDU shares, M&G and the other manipulators wouldn't stand a chance, and they would be pushed out of the way.

By the way, and finally zzedzz, did you notice that as soon as you wrote something that someone can interpret it to be as a support of the ramping camp you get a heap of TU's awarded, when, usually, all you'd get is a denation ("The art of being denied"), of the ones that you may get??

Good luck