huge buy orders cancelled daily before open, page-15

I agree Nathan,
As much as I despise manipulation, today's fake buy orders only "lured" one of our most committed shareholders to buy an additional half mil.
No harm done.
I bought 3 times that last week, and I can confirm that I did not need to be convinced to take such action.

I rather have ASIC concentrate on the big games of foreign money ruling the ASX, foreign funds parking their money for reasons of currency exchange rates, driving housing prices up with foreign investment due to currency advantages and hedge funds doing their daily near " criminal " business with their derivatives trades.

There are much larger issues to be concerned with in the stockmarket, notably speculation money from the US flooding the Australian market and inflating speculative mining stocks at the demise of small investors.
Examples of this are plentiful and that is where real harm is done, all in my opinion.


Those fake buys appearing and disappearing ( note that those 3.3 mil typical buy orders are back stacking up the 0.9 orders ) only indicate brokers to be all set for the action to unfold once the word of upcoming news is out in their circles.
All we need to do is to stay alert when those buy orders actually stay and wont be pulled anymore.