"Every morning, and almost without fail (during pre open), 3 to 4 buy orders are placed in parcels of between 200,000 and 300,000 at between 1 to 4 pips above the last traded price. At the same time, the exact same quantity of sell orders are placed at between 1 to 4 pips lower than the last traded price. Are you telling us this is not manipulation but rather, 100 individual investors, on 100 different days, just happening to exactly coincide with identical orders at identical points above and below the last traded price? There are of course other orders placed, but these are pretty quick to be in the queue. If it's not manipulation, what is it?"
Yes it is market manipulation. It is called Churning. HOWEVER THE PROBLEM IS THAT IT IS USED to fake an increase in activity intended to attract additional investors, and increase the price. Link bellow.
http://en.wikipedia.org/wiki/Market_manipulation
Buy the way, as the article points out it is illegal.
- Forums
- ASX - By Stock
- FML
- trying to bring sp down
trying to bring sp down, page-10
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FML (ASX) to my watchlist
|
|||||
Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $7 | 52 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 52002 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 3300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 52002 | 0.135 |
2 | 20009 | 0.130 |
3 | 62595 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 3300 | 2 |
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.175 | 16889 | 3 |
Last trade - 10.17am 05/09/2024 (20 minute delay) ? |
Featured News
FML (ASX) Chart |