Great post T4P, and nice tools kse3137.
I agree that the markets are being manipulated to the detriment of financial stability. Markets exist so companies can raise capital to fund their growth - events such as these reduces investor confidence and compromises the attractiveness for companies to use listings as a means of raising funds.
Add to this the fact that the majority of Australians have substantial wealth in the markets due to compulsory superannuation, and the threat of systemic failure leading to widespread loss of wealth and confidence is far from trivial.
T4P - you have shown yourself time and again to have a strong knowledge of the workings of the markets and a keen gift for prose. I strongly suggest you contact the powers that be and make your points known. And I don't mean the ASX - frankly it's much more important that federal ministers are abreast the facts given that they wield the power, and after all there is a governmental responsibility to protect the financial stability of the markets in which over $1 trillion of super is invested.
That said, I suspect that there will be similar commentary in the media over the coming weeks as a consequence of today.
Personally, I think shorting is a blight on the markets, and should only be used as a hedging tool as opposed to for speculation. The regulations around shorting and many other financial instruments should be reviewed closely.
All the best to the traders and investors alike. I'm in at 1.7 and will remain in for sometime - childcare is a social need, and ABC is the main player in the market. Labor has already announced their intentions to improve access and funding for care, and there is no way that this company would be left to flounder like some others that may have less of a politically and socially critical purpose.
ABS
a.b.c. learning centres limited
