Last Chance Double Bottom in?, page-21

If 'someone' has info re a T/O, they are not allowed to trade on this info.  And they are not allowed to manipulate the share down.

Here is a true story:  a few years ago I made about 100,000 on a real estate stock - thinly traded.  The stock was always bopping around between 10 cents and 11 cents.  I valued the REIT smack dab at 10.5 cents.  So I always had a buy in at 10 cents and a sell at 11 cents.  The share was so thin it was only ME as Mr Market maker.  And only with about $10k of shares at 10 cents and $10k of shares at 11 cents.

I traded $5,000 lots.  If I bought $5k at 10 cents I just put it for sale at 11 cents.  If I sold $5k at 11 cents, I just put the buy in at 10 cents.  I made $100,000.  Simply 200 trades over a year and half at $500 a trade.

I had a friend who worked at Commsec.  I shared my good fortune with him one drinking weekend.  I used Commsec.  The Monday following the weekend my account was frozen for 'price manipulation' by Commsec.  I complained to ASIC (and CC'ed Commsec).  Then Commsec terminated my account.

Now if what I did was SHARE MANIPULATION and I was allowed to be 'terminated', then what is happening to WGX is complete manipulation.  But maybe for OUR GOOD.  Is it good I bought at 1.14 and doubled down at 1.06?

Remember, according to Commsec and ASIC one person / entity cannot buy sell both sides of the market.