A couple of educational quotes from https://www.asx.com.au/pdf/TradingPractices.pdf
"In broad terms, market manipulation has been described as “the interference with supply anddemand in the market for securities and either the inducement of persons to trade in aparticular security or the attempt to force a security’s price to an artificial level.”"
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"Another description is the “affecting of themarket for, or the price of, securities by artificial means i.e., means unrelated to the naturalforces of supply and demand.” Mobil Corp -v- Marathon Oil Co, 669 F 2d 366 at p374"
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"A Trading Participant that purchased small quantities of stock compared to its totalholding and entered bids in the last 20 minutes of the day at prices sometimes higherthan the price of the immediately preceding trade, and where trades resulting fromthose bids were sometimes the last trades for the day and established the closing price,or sometimes set a new daily high, was held by the National Adjudicatory Tribunal tohave created a false or misleading appearance of active trading in, or with respect tothe market for or the price of the stock in contravention of Business Rule 2.2.4."
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"A Trading Participant should not make large disclosed or undisclosed entries above orbelow the prevailing spread, particularly during Pre-Open or Adjust, to facilitate fillingan Order on the other side of the market. Doing so may create a false and misleadingappearance that the entry is on behalf of a genuine buyer or seller."
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"Manipulative trading may be inferred from circumstantial evidence, such as an unusual patternof trading"
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There is a whole section on:
"Indicators of manipulative trading"
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"7. Domination and control of the market for a stock: purchasing enough volume that oneclient or dealer may artificially set prices. This might be followed by up-ticking the bidto desired (artificial) levels despite the absence of bona fide investor demand for thestock. Similarly, attempts to reduce a stock's liquidity may suggest a manipulative intent."
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Hope some have the time to understand this and maybe help explain some of the ideas to us less intelligent.
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Last
33.0¢ |
Change
0.015(4.76%) |
Mkt cap ! $2.244B |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 31.5¢ | $6.072M | 18.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2653318 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 808352 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55000 | 0.325 |
5 | 449000 | 0.320 |
14 | 577694 | 0.315 |
14 | 341506 | 0.310 |
13 | 496666 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 25000 | 1 |
0.335 | 305081 | 9 |
0.340 | 168920 | 7 |
0.345 | 406988 | 6 |
0.350 | 539555 | 10 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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