IronLotus, although correct that would be the biggest waste of time.
Many here including me have reported just that citing evidence. The derogatory, simplistic standard reply given from the ASX is an insult at best and incompetence at worst.
We all know it happens and it is so blatant how they can't see it is beyond comprehension. How can so many experienced traders see it during live trading and yet the ASX are blind to it. Give them a ring by all means, you won't like the answer you get.
We see it occurring live, the ASX can if they choose to but don't. Every response I get they have never looked at the live trading while it occurs. They sit at a desk and look at post trade results and/or static printouts.
AAR and PEN were recent examples that many on HC saw, some even charting what was ocurring. Many said it wasn't happening until the final results were seen.
The ASX do nothing over this, in fact often simply just refer to it as "broker operated computer trading" supporting the legal stance of this practice. Apractice that brokers use to their advantage over the broader market. What a load of crock!
The big players do it, get away with it, and I am sure laugh at posts like this knowing full well they will never be caught, let alone investigated.
SDL Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
