Hi orga,Thank you for posting this 'Loophole Allows Hedge Funds...

Hi orga,

Thank you for posting this 'Loophole Allows Hedge Funds To Manipulate Stock In Secret' article! For anyone that has not yet read this article, I highly recommend that you do!

In Brief here are a few highlights from the article that we (as shareholders) should take note of because it explains a lot about the manipulation of the price in the past weeks:-
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** They are known as hedge funds. And lately they have targeted Australian banks and financial stocks which have been hammered on the stock-market. **

** This week, it was ANZ's turn. With a couple of Australian companies such as Centro Properties, Allco Finance and MFS in financial difficulty, ANZ raised its provisions for bad and doubtful debts. Again, all the banks were slammed in the biggest single-day fall in 19 years. **

** In recent months, the traders have stepped up the pressure. On top of the selling, they add in a nasty rumour to drive the price even lower. Given the sudden collapse in Centro Properties and Allco, these have been surprisingly effective. **

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Furthermore, it seems to me that there are obviously a few 'dedicated posters' at work here on HC (& other public Forums too I am sure) spreading fear & rumour amongst us & trying to instill false &/or misleading information to other holders.

I would add - please take caution and beware of those that who seem to OVERTLY down-ramp the stock by falsely inflating the Company's debt position and trying to continually reinforce problems with the Company.

Cheers, Pie :-)