I hope they're seriously considering all of those things. If i...

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Gekkko

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27/04/20

10:51

Post #: 44274304
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Originally posted by GCar ↑

What type of “rules” do you think would help..?

I’m thinking back to the primary purpose of the stock market, which afaik is essentially to allow companies to raise capital from investors and in turn allow investors to benefit from the growth and returns of said companies.

I would like to think that rules that support this basic premise and NOT supporting the use of the stock market as a simple financial/transactional tool, might be a good place to start.

Perhaps minimum trade sizes, perhaps minimum hold times (after all, if one was genuinely wanting to accumulate a company’s stock, why would they turn around and sell it 3 minutes later!?), perhaps maximum limits on transactions per day, perhaps eliminating shorting altogether - things that better align with genuine accumulation or distribution of a company’s stock on the basis of the “primary purpose” stated above, and things that limit the use of the market to simply milk other participants of their money - thereby reducing the instances of participants getting caught up (and fleeced) in the “games” of other (bigger and richer) participants who have absolutely no interest in the growth or profits of the company whose stock they are “playing with”....

Perhaps a pipe dream, but hey you gotta start somewhere right?!

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I hope they're seriously considering all of those things. If i could pick just the one rule..a single 'wish' from a genie..so to speak would be this :

Market participants may ONLY be permitted to sell what they have PURCHASED beforehand..A basic rule of human decency..Don't go selling something that you don't actually own

GXY Price at posting: 77.0¢ Sentiment: Buy Disclosure: Held
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