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78.0¢ avz minerals limited

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lecram

3,185 Posts.

189

12/04/18

11:18

Post #: 32403337
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Originally posted by setfire2thehive ↑

Capping 101.
Step 1: Place 500,000 buy order at 21.5c
Step 2: Bot trade down to buyer depth. (22c)
Step 3: Dump 720,000 shares and line wipe. (22c cleared)
Step 4: Place fake sell orders at the back of each sell line. (1.5m at 22.5) *edit has been removed atm but will relist.
Step 5: Bot trade it down to 21.5c.
Step 6: Accumulate the 500,000 buy order at 21.5.
Step 7: Buy 300k at market 22c
Step 8: Wait for share price to touch 23.5
Step 9: Repeat

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and this is allowed!! and suppose to give the mum and dads a fair go?

price fixing is not allowed, so why is market manipulation ok?

answer from ASIC would be appreciated.
AVZ Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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