I have a question where some people can answer.. Please advise if it is illegal or not... This was happening during the week which might have been a cause to lower price in the SP... EG.. Lets say CNP is at 50 cents.. Bots start selling at 49.5Cents. You will then see a large number of shares over 600000 Shares to be sold at 50 cents, 51 cents and at 52 cents. This would cause mums and dads or small investors to hurry and sell at 49.5 cents where by the share price would never recover to the 50 cents or 51 cents. When large number of buyers step in and buy at 50 cents. Some of the shares being sold on the 51 cents range disappear. This was happening repetitively during the course of the sale. I believe this was delibrately done and also thought of as scary tactics.
I will be reporting this to the ASX Monday morning.. I will speak to Tommy at ASX and ensure that he watchs this crappy and scary tactics...
This is illegal... Shame... Shame... Shame...
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
