Absolutely brilliant stockwatcher51, it's about time ASX and ASIC were taken to task. I've long ago given up thinking they were toothless tigers regarding market manipulation but indeed silently condone what goes on behind closed doors, whether it's insider trading or manipulation by large brokers. Issuing the odd speeding ticket and taking the denial of knowledge at face value despite an annoucement to the contrary 2 days later. Why do they even bother in the first place?
A week ago I was talking to a friend in the US about poker and made the stupid comment that it's a bit like the stock market. It isn't at all. In poker you see all the other players, everybody has to play by the same rules, there is no inside information for a special few, all in all it's on the fair and level. Now I doubt we could say that about trading stocks like MEO.
MEO Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held