As I understand it, the minimum order you can place on the ASX is for stock to the value of $500. If this is correct, how is it that someone can place an order for 227 @ 0.985 [=$223.60]? Obviously, they enjoy some special privilege that we mug retail traders/ investors don't.
Although I could not prove it, it would be an incredible coincidence if the 10 orders for 227 shares at varying prices were not one and the same party. I also understood that it was not permissible to place multiple orders simultaneously for the same stock. Am I wrong about this?
This sort of practice is simply typical of the morally rotten, greedy finance industry which has so damaged world economies. One rule for the big boys and another for the rest of us.
What is ASIC and the ASX doing about such blatant cheating? As usual ... nothing! or,tell me if I've got this wrong.
Tez
I am just another gullible amateur at trading and investing, so you certainly should not take anything from the above as trading or investing advice.
As you can see from the above, I'm pretty ignorant about the stock market apparently, and you ceertainly should not
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- does any one know exactly why?
As I understand it, the minimum order you can place on the ASX...
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