GiddyYup
Mate I suspect you are part of what I am writing about. The function of a ASX is to create an ongoing auction. Auction is deemed to be the best way in any market place to set a price level. All over the world stock exchanges are established to be run as an ongoing auction
Governments have a need for these markets to be run ethically as the companies in each country represent a lot of the wealth of a country.
You are trying to put forward an argument that transparency is not required and the ability to cheat and defraud is OK.
Nev has made a strong case in his CDU report that there is a high likelihood that unethical trading is taking place. Max believes he was cheated out of around 10,000 shares in CDU and wants an investigation. I do not believe the JORC for CDU is anywhere near accurate for what the resource is.
Blind freddie understands what I have been alluding to and people do ring up hotcopper and complain and I have been asked to tame it down which I have done, but having said that please don't try to argue against what is obvious. I do understand part of a training process is to have people try to explain for the benefit of certain people. Making an explanation as to why someone wants to steal money from me is just not on.
One continuous auction process that is transparent where everyone is equal is that too hard to do.
Shorting on market and covering off market is cheating. 5 million shorts to be covered in 3 days is 1.7 million shares traded each day and very often there are much less than 1.7 million shares traded in a day. This sort of thing is having a massive effect right across the market it's not just CDU.
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