Scmikboy:We have been getting pounded at CDU for three...

Scmikboy:

We have been getting pounded at CDU for three months.

The purpose is for someone with money to churn the shares in order to depress the share price....Yes it is price manipulation and it is illegal, but the ASX turns a blind eye to it because it is either difficult to prove or it is the boys' club at ASX which is involved, a self serving operation, no less.

Algorithmic trading is being investigated by the US senate, they are beginning to realise that the system has the potential to control the world stock markets in any direction.

The trading you are seeing is because someone wants to depress the SP and at some future time offer a T/O price which pathetically undervalues the company.

Illegal and immoral? Yes, but when the guys involved in the activity are making the rules, we retail shareholders have not very much say. Complaints have been made to the ASX by the thousands, and to ASIC by the thousands too. Even the finance minister in the Federal Government has been complained to, to no avail.

However, continuation of complaint is imperative. You can find the complaint form at ASX.com.au HERE

and you can research a little bit about Algorithmic trading HERE

ASX will send you a generic reply stating that the trading activities of the company have been investigated. You should then complain to the ASIC.

Keep up the complaints, maybe one day something will come of it.

I encourage all retail investors to submit complaints to
ASX, ASIC, and to the Finance minister.

Yes these trades do not attract a transaction fee like you pay for your trades.

Stu