Agree with you fully. ASX is become a casino now. No value on performances, Fundamentals, businesses nothing. You watch on a daily basis all the gainers and you can see it is like throwing a dart. Companies with nothing other than speculation just goes up and down in bags in whiff..
Honestly, all research and hard work serious investors are putting in is worth nothing. Some big guys with deep pockets just pick on what they will pump this day ( like throwing the dart ). If you are lucky you get the ride. The next Royal commission should be on ASX trading to be honest and how they manipulate stocks hurting poor retail investors..
Just check all stocks that gained in the last couple of weeks and you will know what I am talking about.. Not even there will be 10% of them real solid companies that should gain on fundamentals.
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