Over a year ago, I wrote to the ASIC about manipulations. This is the response I got:
'A cornerstone of fair and orderly markets is that they reflect the forces of genuine supply and demand. THIS CONCEPT IS FUNDAMENTAL. ASX seeks to ensure that its markets are fair and orderely and free of manipulative trading.’
That's how seriously they deal with manipulative trading. How pathetic.
CXO Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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