Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
asic reply to asx bot speeding ticket, page-12
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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Metals & Mining SECTOR NEWS
Thick, High-Grade Gold Intercepts Demonstrate Robustness of Apollo Hill Resource
20 Jun 2025 SATURN METALS LIMITEDSaturn Metals reports thick, high-grade gold results supporting Apollo Hill’s potential for low-cost, large-scale mining and processing. In addition, a significant high-grade extensional intersection has... Read more
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Sharenot so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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Sharere: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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Sharere: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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Sharelook who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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Sharere: not so stupid now**hey big ears**** You got me there big fella,
I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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ShareThere are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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Sharesandune, you come across as being so deluded by hate.
The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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ShareVery direct, and good post. It's only others that will feel the shame for the directors TSS.
A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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Sharerogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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ShareSo you can see both sides of the story matty.
I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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ShareAgree seuss.
I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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ShareI know. Maybe I didn't explain myself very well.
There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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ShareWe'd have loved to play with your mind GZ, but this one is just uniquely weird!
We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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ShareI am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)
I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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ShareI find that post rather repugnant and cynical cusox.
Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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ShareShadow, that is bull dust, and you know it.
If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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ShareAs a follow up to the document I sent out.
Apart from the reply from Senator Sue Boyce with a request for specific questions for the Senate Committee, I have also had the following replies:
From the ASX:
Dear iam,
ASX has Surveillance has reviewed trading in MEO on 31 March when you allege that an algorithmic trading programme (which you refer to as a BOT) manipulated the price of MEO. The trading in MEO on 31 March reflected normal trading and was not manipulative.
Surveillance is aware of the parties involved in the trading in MEO on 31 March. MEO traded in a range of 33c to 35c on turnover of 2.4m MEO. In relation to the buying, internet brokers accounted for 1.8m MEO. Full service retail brokers accounted for another 278,000 MEO. Buying, and the bid schedule throughout the day, was dominated by internet and retail brokers. There is no evidence that a BOT trader was trying to accumulate MEO at 33.5c. However, if you believe that have such evidence which identifies the relevant algorithm or trader, please provide it.
In relation to the selling in MEO on 31 March, one institutional broker used an algorithm to sell 300,300 MEO, or 12% of all selling, in 47 trades with an average trade volume of 6,400. It only caused 3 price decreases. It had minimal price impact when selling. Internet and retail brokers accounted for 1.6m of the selling in MEO. There was not an algorithmic trader pushing through continual small parcel sales of about 500 to 2000 shares as sells at 33.5c every couple of minutes. However, if you believe that have such evidence which identifies the relevant algorithm or trader, please provide it.
In relation to trading in MEO between 17 and 29 March, you allege the share price was pushed down from 37c to 32.5c primarily through BOT action. I note MEO was suspended between 15 and 19 March so presumably you are referring to the period between 22 and 29 March. The suspension was followed by an announcement on 22 March that one of the participants to the farm-in agreement would not execute the agreement as currently presented.
Between 22 and 29 March, MEO traded in a price range of 42c to 32.5c. Total turnover was 34.5m. Of these, internet and retail brokers sold over 26m. Institutional brokers and principal traders accounted for the balance of which one institutional broker sold 2.3m MEO for different clients in 79 trades. It caused one price decrease.
Of the buying, internet and retail brokers accounted for over 29m MEO. Given that internet and retail brokers accounted for more buying than selling, your suggestion that smaller investors are especially being turned away or taken out from investing incompanies which are being targeted by BOTS is not supported by the trading. Perhaps the announcement by MEO on 22 March contributed to the weakness in its price thereafter.
In relation to IFE, Surveillance has reviewed trading on 10 March. On 10 March, turnover in IFE was 162,264 and IFE traded in a price range of $1.38 to $1.48. It closed at $1.41. Internet and retail brokers accounted for almost 146,000 of the buy volume in IFE on 10 March. In relation to the selling, internet and retail brokers accounted for over 156,000 IFE (CommSec and ETRADE together accounted for over 100,000 IFE). One institutional broker sold just over 2,000 IFE in 75 trades using an algorithmic trading engine. It did not cause a single price decrease. Clients of all other brokers accounted for 16 price decreases over the day.
The same algorithm was used to sell IFE on 11 March. Again, it did not a single price decrease. It was used to buy IFE on 12 March. It did not cause a single price increase.
If you have any evidence in relation to the other allegations you make, ASX would be happy to consider it.
Yours sincerely,
_________________________
From this reply I now know that I need to be precise with the information I provide in future BSTs.
It will also be difficult to provide evidence to 'identify the algorithm or trader' but they already know who they are anyway. That information is confidential.
I also learned that the BOT trader sold 300,300 shares in 47 trades. The value of these trades at an average of 34c would have been $102,102.
In their reply to sKdoo see post #5303495 here the ASX state that the execution fee is .28 basis points ad valorem of the deal's consideration so for this trade the execution fee would have been $2.86.
For an individual trader with the lowest fee being ~$6 this would have amounted to $282 - up to five times more for Etrade, Commsec etc.
I know BOT traders pay handsomely for the privilege but their up-front costs would soon be recouped along with the other advantages BOT trading gives them.
This discrepancy alone shows how algorithmic trading creates an imbalance in the market place.
_____________________________
From the Financial Ombudsman
Dear iam
I refer to your email addressed to [email protected].
The Financial Ombudsman Service is a dispute resolution service offered as a free alternative to the courts for consumers with a claim for loss arising from the acts or omissions of a financial services provider. The Ombudsman does not provide general financial or legal advice.
If you have a dispute that you have been unable to resolve with a financial services provider, you can lodge a dispute through our website (www.fos.org.au/disputes). If you would like to speak to a member of our staff about lodging your dispute, please contact us on 1300 78 08 08.
Yours sincerely
Registration Team
Financial Ombudsman Service
_____________________________
From the Treasury
Dear iam
Thank you for your email of 8 April 2010, concerning algorithmic trading on the Australian Securities Exchange (ASX).
I am replying to that email and also to the same concerns which you forwarded to the Hon Nicola Roxon, the Minister for Health and Ageing, and which she passed on on your behalf.
Your email poses questions for the ASX, with respect to algorithmic trading. The ASX is a privately owned corporation, not a Government owned entity. Accordingly, the Government is not in a position to answer these questions for the ASX. Any such queries should be directed to the ASX. However, I can provide you with some general information regarding algorithmic trading.
Algorithmic trading is a practice that is widely used on financial markets around the world. Most algorithmic trading is not manipulative. In general, the Government does not seek to impose regulations that would seek to restrict or inhibit legitimate trading behaviour. However, the Government is concerned by any behaviour that seeks to manipulate the market. Any deliberate attempts to force a securitys price to an artificial level are illegal. Where this is suspected, the ASX will investigate and refer the matter to the Australian Securities and Investments Commission (ASIC).
If you think that a stockbroker or other participant may have breached the ASX rules or that there has been market manipulation in any particular case, you should lodge a written complaint with the ASX. Further details (including ASX Complaint Forms) are available from the ASX website at www.asx.com.au. If you are aware of facts amounting to price manipulation in any particular case, you may also wish to contact ASIC on 1300 300 630 or at [email protected], giving full details of the particular circumstances and transactions, so ASIC can look into them further.
In addition, you may be interested in the report recently released by the ASX on algorithmic trading and market access arrangements. This report is available on the ASX website at www.asx.com.au. The ASX noted in its report that algorithmic trading had increased on the ASX in recent years, but remained at levels significantly below those experienced in other jurisdictions.
The ASX concluded that algorithmic trading has not had a harmful impact on the market, and that it has not raised any major supervisory or operational issues for the ASX. However, it did identify a number of areas for improvement, including recommendations for ASIC, to ensure that algorithmic trading does not affect market integrity in the future. I am confident that ASIC will give full and careful consideration to these recommendations.
The Government will continue to monitor developments in the area to determine whether any further regulatory changes are needed to ensure the continued integrity of Australias financial markets.
I trust this information will be of assistance to you.
Yours sincerely
______________________
From Senator Doug Cameron's office
Dear iam
Senator Cameron has asked that I acknowledge your email of 9th April and thank you drawing your concerns to his attention. In his capacity as a member of the Senate Standing Committee on Economics, Senator Cameron takes a keen interest in the supervision of capital and equity markets.
Yours sincerely
____________________________
From Senator David Bushby
Dear iam,
Thank you for your email regarding algorithmic trading bots.
This appears to be to be an issue of some concern. Given the recent economic crisis it is particularly vital that concerns regarding potential distortions of our markets are addressed.
Through my position of Chair of the Coalition Economic Policy Committee, I will seek to have these concerns addressed as part of the Coalition policy development process. I will also seek to pursue them through the Senate Estimates process.
Please dont hesitate to contact my office if you wish to discuss this further.
Yours sincerely
____________________________
And finally the standard reply from ASIC:
Dear Sir / Madam,
Thank you for email to ASIC of 1 April 2010.
As I understand it, you wish to raise concerns about the practice of algorithmic trading. Specifically, you state that algorithmic trading targeting MEO Australia Limited on 1 April 2010 had the effect of manipulating the company's share price in contravention of the Corporations Act 2001.
ASIC's process
ASIC values the information we receive from the public, and complaints such as yours assist ASIC in working to build confidence in the integrity of Australia's capital markets.
ASIC conducts an assessment of every complaint we receive. The issues you have raised will receive careful consideration, and have been recorded on our internal intelligence database.
As ASIC is precluded from commenting on operational matters, we are unable to provide further details of what, if any, action we may or may not take in relation to the concerns you have raised. If you require any information on our role as a market supervisor, or enforcement action taken by ASIC, please visit ASIC's website at www.asic.gov.au.
Algorithmic trading
ASIC notes your concerns in relation to the practice of algorithmic trading. As the market regulator, ASIC is responsible for the supervision of operators of market participants, financial markets and clearing and settlement facilities. While ASIC may advise the Australian Government on matters concerning the regulation of Australia's capital markets, it is not a law reform body.
As such, to the extent that you feel that ASIC should enact legislative reforms in relation to algorithmic trading, we advise that this is a function carried out by the Australian Government and Treasury. For contacts details and further information regarding the functions of Treasury, please visit www.treasury.gov.au. You may also wish to make a representation to your local member of parliament in relation to any suggested law reform.
Please be advised that ASIC will only contact you again in relation to your complaint if we require further information or evidence to assist in our enquiries.
Yours sincerely
______________________________
It appears that there are some people out there hearing our concerns.
It is not the use of algorithms in normal trading practices on an even playing field, which we know has always been competitive, that is the problem.
It is the way algorithms can be used to disguise illegal practices and give unfair advantage to their users that I don't agree with. -
Sharere: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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ShareMaybe this sheds some light on it ............................
He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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Share
This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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ShareI get your drift joewolf.
The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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ShareAt this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.
CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Sharere: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!
Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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ShareWhat a fascinating thread reading back 3 months!
Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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