bots

I have had a gut full of these BOT Traders, today the trading has become a bloody joke so i sent off an e-mail to the company...........

"Hi Tess,
Thanks for your reply.
I cannot agree with you re your comment "the majority of these smaller trades have been retail investors"...
That cannot happen as to buy and sell shares on the ASX using the Algorithm system you would need to be an institution or broking house as you would need an extremely complex software program and computer system and the costs would be exorbitant.
In addition to that normal retail investors would have to pay for every single transaction they make whereas the institutions and brokers are allowed by the ASX to total the days individual trades into the one transaction for that share code and only pay the one transaction fee.
Quite a number of your shareholders have indicated via Chat Forums that they are sick and tired of this method of MANIPULATING THE SHARE PRICE of HOG and whilst I appreciate the fact that this operation is completely out of your control it is non the less frustrating that the ASX and ASIC have allowed this system to be employed by Institutions and Brokers!!!
It is becoming more and more prevalent in the trading of securities on the ASX and unless public listed companies are prepared to take issue with these organizations nothing will change except that normal retail investors will take their cash out of the market.
If you take a look at today's trades in HOG you will note just how ridiculous this situation has now progressed to.
At the end of the day one realizes just how corrupt the investment scene has become when the authorities (ASX & ASIC) allow these systems to be employed.
Surely a level playing field should be best practice when trading on the ASX for "ALL INVESTORS" unfortunately that is not the case and it is pure "GREED" by the ASX to allow this disgraceful practice to continue???
Once again, thank you for your response.
Regards