KRL 0.00% 14.5¢ kangaroo resources limited

curse or blessing of the auto bot

  1. 13,186 Posts.
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    I'm fed up with this auto bot which has been working its evil magic on this stock for the best part of this year.

    As a human I have the right to know why the ASX is allowing a machine to sell small parcels of stock to itself for the sole purpose of market manipulation. There were 6 cross trades for 3 digit orders yesterday for a total value of $400, and a further 7 x 4 digits. They were all initiated by sell orders designed to kill the share price.

    If the ASX is not willing to maintain integrity in the marketplace, I believe that it is the directors fiduciary duty to take the necessary action to help protect shareholders interests.

    Mind you, an auto bot selling tiny little parcels can be an indication that good new is imminent!!!
 
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