Here is an excerpt from Business Spectator which basically says much the same thing and might explain the rise in our SP today.
'Now in fairness to the Australian market our rise in the last couple of days of the financial year reflected US and Asian markets. But the July 1 Australian fall did not take place on those markets.
Because the professional traders have pipes that are connected to the Australian stock market, our shares are a very dangerous place to be short-term trading. Those using the pipes gain too much of an advantage. Similarly, trying to work out who is moving markets becomes too hard.
Nevertheless it would seem that there was at least an element of what I call 'window dressing' to artificially boost the June 30 market.'
Read more: http://www.businessspectator.com.au/article/2013/7/2/economy/window-dressing-tricked-market#ixzz2XsfMzRz1
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Here is an excerpt from Business Spectator which basically says...
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