Hello Everyone,
The following Quoute indicates that the A.S.X. will be investigating Hedge Funds pushing down the Share Prices of Major Companies.
I think this A.S.X. investigation needs to also include the many Smaller Companies like THR which look to have been the First affected.
The Quote:-/
THE AUSTRALIAN
February 15, 2008
THE Australian Securities Exchange yesterday signalled that it would investigate allegations that hedge funds are colluding to push down the shares of major Australian companies.
ASX head of supervision Eric Mayne yesterday said he would be investigating market rumours that hedge funds were working together in packs to target specific companies.
article by: Glenda Korporaal and Adele Ferguson | February 15, 2008
...more http://www.theaustralian.news.com.au/story/0,25197,23215571-643,00.html
cheers
LOOK, LISTEN, LEARN...THINK...Then make your own informed decision!/End Quote
No responsibility taken for any losses in association with this Posting.
Regards,
moly
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