Just read that ASIC is cracking down on bot trading. Notice this morning that MLX is having sells of 9 and 10 shares per trade.
They have decided that this is harmful and have revealed that some funds are trading even to the detriment of their own investors.
ASIC is aiming to restrict bot trading to just 10% of the trading - volume I suppose?
I actually wrote to the Feds a few times several months ago suggesting that this kind of price suppression was limiting taxation revenue.
Also, generally looking over my watchlists for different resources compiled around four years ago, I am astounded at the fall in prices. I guess this is no surprise to most...but it is to me.
MLX Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
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