ASX Business Rule 2.2.4 Prevention of manipulative trading - a solution, page-11

  1. 267 Posts.
    lightbulb Created with Sketch. 109
    Harry - I have always respected your comment and your contributions to the group and it is perhaps with the best of intentions you are offering to improve my share-trading education. On reading your post the first thing that came to my mind was a Bull (the daddy cow type) blind with fury, defending his territory. Blind Bulls never think - they just put their heads down and charge - often to their own detriment when they hit something solid!

    So let's talk about the facts and hope we part friends:
    1. I am neither inexperienced or over-invested in UCM.- I might even be old enough to be your father !
    2. I understand about microcap stocks and their risks - some of my most successful investments have been microcaps.
    3. I was NOT "Complaining about market manipulation, in defence of a company". I was however pointing out that manipulative trading practices are forbidden under ASX Business Rule2.2.4. I would further point out that when you open a trading account you agree to trade under ASX rules.
    4.I agree with you that anyone who trades shares contributes to manipulating a market but they are supposed to do so under ASX rules -
    That's how it works - that is how it has worked for 20 years in November.







 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.9¢
Change
0.000(0.00%)
Mkt cap ! $4.759M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 500000 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 46000 1
View Market Depth
Last trade - 16.21pm 27/06/2025 (20 minute delay) ?
UCM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.