If I was at the forefront of ASIC I would change the rules to make any order placed to be locked in and only able to be removed under certain circumstances. That's a way of killing spoofing. Said that, one has to really think carefully to be able to understand the way spoofing might affect the share price trend because if you think about it true investors with legitimate interest in the company won't even look at spoofing when it comes to investing big bucks. The way I see it is spoofing might affect intraday trading but not the trend itself. If you are an intraday trader sure you will look at the orders that are currently placed on both sides but for a true long-term investor they couldn't care less. This is just my opinion. More research on my side is needed but I will leave my comment here for others to challenge it if they think I'm wrong.
