March09, you have nailed it re the FICTION of closing prices manifactured by bots, the very subject of my email to ASIC, ASX and Hon Dr. Craig Emmerson MP (all a total waste of time obviously) Have a read of my posts on ARO Astro Resources messages #5077803 #5078234
I have basically sold most of my stocks Wednesday and Thursday just gone to salvage a small portion of what i had invested. This crap has cost me a fortune, probably over 200k the past 18 months or so, it's really gotten out of control this past year. I reeeeeallly hope the the power of the people prevails here, i'm certainly no wordsmith but reading some of peoples threads here and on the algorhythmic trading thread, i'm sure that the likes of Lateline, Four Corners and the like will relish putting this story up on the big screen, and i'll have my Foxtel IQ ready to record it. I'm sure a corporate lawyer that's not on the side of the bad guys (does one exist?) could rip ASIC and ASX to shreds and prosecute them for not acting on the corporate laws of Australia. That's enough ranting from me, you might have noticed i'm a little upset.
Cheers, FactorThis
and i added this to the same ARO thread i started headed "ASX RESPONSE TO MANIPULATION AND FAKE ORDERS"
These trades refer to my complaint to ASX when shares in ARO were artificially boosted from 1c to 1.1 cents on $1.10 and $11 worth of shares on Friday Feb 19th, the trades at 12.18pm and 4.10pm were unremarkable to the asx as you can read in their reply to me near the start of this thread message #5078234. And they dont believe that the putting on of 20 million shares every morning before trading and then cancelling the same 4 orders of 5 million shares at 7pm every day for maybe a couple of months is manipulation, if you have the ability to scan market depths from say 6 weeks ago, just look for the 5 million size sell orders at the back of the pack at price levels of 1.5c 1.6c 1.8c 2c they were still doing it until about a week ago, unsure if still the case since all the volume i havent even bothered to look i'm that disgusted with everything that's gone down, culminating in me basically being almost wiped out as of today. I've sold nearly everything, only ARO GDN and Lihir from 10 years ago from the float remain, P****ed most of the other off, the rest will go next Tuesday if there's a BOT keen enough to take them from me. By the way...who is the broker TIMB that rorted the ARO price upwards on Feb 19th, that was as blatant as it gets (to the upside) trying to sucker people in to pay 1.1c. Simply had a gutsful of manipulation, BOTS, fake buy/sell bids, dummy bids on open and close auctions which have caused me to lose THOUSANDS, as in one minute the buy depth is loaded, i place an order, and miraculously the second the stock trades, i get hit and the sellers outnumber the buyers 2 to 1, the buyers all pulled and were in fact sellers.
Refer to post mentioned.
Trades were
16:10:55 1.1 100 1.1 TIMB PSL MATCH
15:18:03 1 500000 5000 COMM COMM XT ASK 14:39:42 1 100000 1000 COMM COMM XT ASK 12:50:10 1 3200000 32000 CARM CARM XT ASK
