Definitely not an attack on anyone specific here, moreso a comment on the system.
Its bewildering to see a stock jump from 50c to 60c without a positive announcement and back to 50c without a negative announcement.
These fluctuations can tempt inexperienced investors to buy too high anticipating that a move from 50c to 60c must mean a positive announcement is imminent. The manipulators know this and use it to their advantage.
I think the asx should do more to identify serial offenders of pump and dump activity. Repeat offenders should be stamped out to protect the integrity of the whole system.
Just in my opinion...
For the record, I bought way back when the price was 70c and didn't buy anymore recently, but I was certainly thinking there was a positive announcement imminent. Maybe my post is largely frustration driven, but I feel the idea of the asx doing more to uphold the integrity of the system has merit.
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Open | High | Low | Value | Volume |
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1 | 50000 | 0.220 |
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Price($) | Vol. | No. |
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0.250 | 34999 | 2 |
0.255 | 15000 | 1 |
0.260 | 4739 | 1 |
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