buying range, page-69

Interesting that SLR which is very, very POG sensitive is not down at all today on the POG drop.

Yet, BDR is down 5% (and BDR is not price sensitive so much).

Really, when you have short sales making up for 30 to 50% of sales, then the share is quite manipulated.

You do recall in the GFC short selling of banks was illegal as it 'manipulates' the price of the bank shares.

So, we really do have a scenario (lots of evidence) this particular share is very, very manipulated.

Mind you. ASIC cannot even stop Leightons trading up for no reason (oh, then appears a takeover!). Or cannot stop DJ directors, after an approach from Meyer, trading shares.

In short, Australia (likely the world) is simply cowboy, bush for share trading. You need to know that is the playing field. It will not be changed.

The only defence by BDR dirctors is a dividend and/or share buyback... and good management.

BDR deserve a letter asking if they are concerned their management is so poorly thought of in the market. It is like what Russia has done. Nobody will stand up to Putin, therefore he can do as he pleases. Noone will stand up to share manipulation, therefore manipulators do as they please.

I am not complaining. I just state how it is. If you buy BDR you cannot look at the share price. Or, be happy you can buy on the back of the shorters.