Good post Wary, I've had a gutsful of these blatant...

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farcanal

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27/09/18

19:56

Post #: 35892203
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Originally posted by Wary 1 ↑

They know exactly what we know, but ASIC is turning a blind eye to their manipulation. The pushdown is bad news to those who can only hold for a short time and who should by any metric be rewarded with a rising share price, but are being forced to let go. But for those like me that can afford to hold, we will ultimately reap the rewards.

I am quite concerned though about the extent of manipulation on the ASX which I believe is killing Mum and Dad investment in the share market. There is a Federal Election coming up next year and already the actions of banks and insurance companies have been the subject of a Royal Commission (that the Coalition strenuously opposed every step of the way). I think it is time the manipulation on the ASX needs to be looked into. I think what has happened with Galaxy is a classic example. I have been documenting what has been happening and plan on bringing it to the attention of my local member. I'd recommend others also consider do this. There is no point in bringing it to the attention of ASIC because that leads nowhere (as I know from a previous experience with that agency).

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Good post Wary, I've had a gutsful of these blatant manipulators. Got out of GXY a while back but have a reasonable chunk of PLS and we're copping it over there as well.
I've mentioned this a few times in the past. What I would like to see absolutely banned is robotic algorithms (not even sure if that is the correct terminolgy) trading on the ASX. Any trade not generated by a human should not be permitted. But I just don't know how it could be policed.
The other thing that needs to be reigned is the trades of share quantities in single digits. Stick to the minimum amount of $500.
We can only hope and pray.

GXY Price at posting: $2.48 Sentiment: Buy Disclosure: Not Held
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