Another point to be made is that when the bot trading suppress the sp of the companies on the ASX , then raising finance to grow their business becomes so much harder for those companies, the loss is to AUSTRALIA, in future wealth creation, future jobs,and not to mention tax lost when these companies eventually fold ,or in many cases fall prey to overseas take overs, Asic make the odd whimper or two, but do nothing to stop it, BOTS do nothing but manipulate the market for the benefit of one section to the detriment of the other sections, it is an unfair practice, it is costing the public in many many ways, but Asic still allow it, just who does run the market. One other point i often wonder, when the average joe and his super fund money is no longer in the market to be eaten by the big boys, will the bot trading systems then turn on each other, and considering trades can happen in milli seconds will it end with an almighty bang or will just one trading system and its owner end up owning the entire ASX ?.
MLX Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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