I'm not really a trader so it doesn't affect me too much, I do...

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Southlander9

3,928 Posts.

09/08/16

10:49

Post #: 18474854
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Originally posted by Fitza ↑

No worries - a good posting.

I get nervous about the manipulation going on in the ASX. We don't want another stock with TV in it's name, going into voluntary suspension.

A telling story in the online version of 'The Australian ' this morning: Apparently ASIC has 181 criminal investigations on the go PLUS 107 civil cases on the go. This is in a story about banning a certain number of Financial advisors.
How many of these are still trading and posting here on HC??

Anyway, it seems ASIC may be spending that extra $120 million allocated to them in the last Federal budget.

Equally worrying, is a story in the 'Wall Street Journal ' (online version) where the Americans are putting up the ASX bot trading as an example of how to do it!! Speeds are now at 4 nanoseconds - so basically, an average human trader has nil chance against the bots.
Was encouraging reading the American comments to the article though - they feel the same as we do about bot trading - basically bordering on Govt sanctioned cheating by the big banks / big brokers.

All the above is my personal opinion only. DYOR.

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I'm not really a trader so it doesn't affect me too much, I do feel your concerns though. Lots of dodgy happening out there. Thanks for the reply, I will go read those articles now. Cheers

TV2 Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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