manipulation, page-13

Two points I'd like to add.

1. I trade thru Westpac :-)

2. I am sick of hearing how CFD's caused the stock to drop. This is rubbish, the stock dropped because on the day of the biggest announcement in APG's history, and in the days following, many millions of shares were dumped, and I mean DUMPED. This killed the initial momentum which had taken it to 22c and the rot set in when the prospective buyers started to question why so many holders were bailing.

Now, I admit some people did very well out of this strategy and no doubt they have bought back in with probably bigger holdings. I also happily admit that those same people, or at least some of them, propped this company up for years and they undoubtably deserved the profits etc.
What I am really getting sick of hearing is how CFD's caused it and we are all victims.

I am pointing no fingers and I bear no ill feeling to those who made good money, that's what this market is for for heavens sake. What i ask is that they stop blaming others for a slide that THEY started and for the market confidence that THEY eroded.

I have no doubt I will cop flak for this post. I'm guessing we'll see those in denial by watching who flames me.

Once again I say, I don't object to the trading, I object to the no-self-blame philosophy on this board.