lorenzo, page-11

The AGM last week was as bullish as it could get. The beneficial effect of the fallen dollar will be a great added bonus. The projected P/E ratio couldn't be more compelling. The enthusiastic launch of Lorenzo is what investors have been waiting for for a long time. Surely the signals are 'buy, buy, buy'. However. I look at the 'bid' and 'ask' columns of the market depth window of my Bourse program and see that there is a long list of sellers of substantial quantities of stock that are falling over themselves to get out. Selling strength always exceeding demand. This has been the case for at least a couple of weeks. This is fishy to say the least. Short sellers are very active in our market despite the pathetic bleats of discouragement from our 'regulators'. Market manipulation (an illegal practice) is rife and can be seen to be happening daily with a number of stocks. Short sellers can accomplish this so easily with borrowed stock (from our superannuation funds) to which they have title. They have subtle techniques. Sell/buy transactions performed on a daily basis with 2-3 cent margins can produce nice profits from a 65c stock. Complain to the ASX and they tell you they are looking into it. Then you never hear from them again. Why do we bother ?