Thanks for relaying the ASIC experience - ACCC is another prime example of a toothless, heartless body that is not always transparent or fair
I share your frustrations with shorters, SP manipulation and the somewhat rubbery application of oversight by ASIC
The $500 rule for ASX shares is initial investment rather than every purchase in my understanding
Thank goodness the ASX doesn't allow trading of share fractions like the USA - what a great way to reduce barriers for retail investors to enter markets and become victims of SP manipulation
I base most of my investing on fundamental analysis, economic and political factors and an awareness of momentum which is as close as I get to technical analysis
It's probably a bit misguided of me to believe my investing skills are the main reasons for success rather than a large dose of luck at the mercy of sophs and instos manipulating prices, shaking out weak hands and positioning large trades for quick profits with the added bonus of providing substance to their own broker price predictions
You are likely 99% right about naked shorting and recent ASM SP manipulation and I thank you for reporting it to ASIC
It's cold comfort to realise in general Australia is probably far more fair than most political and economic regions
I use 6 ASX trading platforms and notice all sorts of interesting activity and am aware of the somewhat crooked trading environment we participate in