esg smashed? computerised trading explained, page-47

ASX reply to my complaint, this differs to their usual standard replies i have had in the past;

Key points in their reply today is as follows;

- They have been monitoring ESG since its peak in August 2009 of $1.16.

- ESG trading has been inline with the coal gas seam sector and it has moved lower inline its peers such as LNG, AOE and STO.

- The broader oil and gas sector has also suffered losses - stocks such as OSH and WPL have been declining.

- We note that during last week there appears to be the selling of some large positions possibly by an institution.

- The daily short selling reports show that only minimal quantities were short sold during the last week.

- There has been algorithmic trading in ESG on both the buy and sell sides and that trading appears to be normal trading with no indications of manipulation.