GDN 0.00% 1.7¢ golden state resources limited

disappointing, page-7

  1. 1,011 Posts.
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    trade4profit,

    It surprises me that someone who prides themselves on their 'expertise', such as you do, should endeavour to suggest that GDN *is* being manipulated.

    Seriously, what a friggin' joke.

    Here is an ASX definition of market maniuplation:

    http://www.asx.com.au/supervision/participants/market_manipulation.htm

    Under the section "False and misleading information" it is stated:

    "Companies and investors might be tempted to re-release information or present information in an over-optimistic manner, in order to generate interest in the company’s securities or help a flagging stock price. In some cases this includes unrealistic, unsubstantiated or incorrect data, projections or evaluations and takeover rumours. Unscrupulous investors may also generate interest in a stock by way of internet chat rooms or other mechanisms to affect the price of shares. When the perpetrators use the demand generated by the false information they have spread to sell their own shares, the operation is known as "hype and dump"."

    By this definition alone, half of this forum are market manipulators. So why isn't the price going *UP*?

    For the record, I have 'been in the market' for over 15 years - with over 7 of the last 10 years spent working on equities trading floors for major investment banks.

    Finally, with reference to your handle - isn't it stating the obvious? Would you trade4loss?

    Areo
 
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