Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Naked shorting has been banned, but totally agree with your...

First 87 Last

Share
Profile

Follow
PlasmaTrader

76 Posts.

1

25/01/18

14:48

Post #: 30570889
Share

Originally posted by No Idol ↑

Is naked shorting allowed in the ASX?
From what I can see I question that short selling is doing anything good for our market or economy other than increasing volatility and robbing retail investors. It doesn't "highlight flaws in company fundamentals" when stock analysts and reporters run trumped up articles designed to scare the market into selling, the market doesn't reflect a companies fundamentals when the share price is manipulated. But it's allowed and so it must be okay. Just shows what a rubbish job the ASX and ASIC are doing. The ASX sells direct feeds into it's computer so that stocks can be front run by the big boys, talk about unethical.
There's a perception that "investors" and "traders" are rich so who cares but the truth is many investors are everyday mums and dads and workers trying to invest their savings. If the banks saving rates were better then many probably wouldn't risk their money on the stock market.

Expand

Naked shorting has been banned, but totally agree with your remarks regarding ethics of the big boys. Especially, the part about the everyday mums and dads trying to make it.

GXY Price at posting: $3.48 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TMS

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

WSR

Westar wraps up field campaign at Mindoolah after divesting non-core assets ahead of 2025

GRE

Drilling shows continuous Cu mineralisation at Whundo for Greentech

Week 38 Wrap: US markets panic at 50bp cut; ALS’s minerals revenue slowdown; RBA path unclear

FTL

Firetail executive changes set to propel development in Canada and Peru

HVN

Harvey Norman hit with a second class action – and shareholders, once again, don't care

SFR

Sandfire's latest drill run extends known polymetal mineralisation at the Sesmarias Prospect

CTN

Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

DVP

Develop Global appoints GR to get Woodlawn copper-zinc plant online mid-2025

ASX Market Open: Aussie stocks follow US surge after Fed rate cut decision | September 20, 2024

There are more pages in this discussion • 45 more messages in this thread...

First 87 Last

Add GXY (ASX) to my watchlist