sh activity, page-57

Hi Kal, T/U I applaud your question.

Where do you start?? IMO bot trading is wrong because I can't do it - why can somebody else buy and sell unmarketable parcels based on a loop hole - close it! All part of one trade - huh!

Cross trades a different issue but I have to question why brokers can jump the depth queue and I can't. The system is there to create a level playing field and then it gets by-passed using more loop-holes.

ON manipulation - it would have to be proven. It gets called "trading" and I believe it does / must happen. I have even heard of smaller players doing it on illiquid stocks. It can allow accumulation at lower prices and if proven to be actual manipulation it is an offense. It can also take the form of a pump and dump.

The ASX would have to watch bids going on and off and not getting hit but traders can change their minds can't they?? So say I put on a bid for 10M FML at 5c and then a bunch of trades up - do some rapid buying and then stick a 5M on 5c as well and then chase these bids up when buyers get all excited. This can move the price up and into the waiting offer above - the new buyers take out your offer and then the bids get removed. Of course it can backfire too. You try this and DB slams the bids and you end up with more shares than you wanted and your sell offer is still up there.

The opposite can happen in reverse on a capping action but as I said only the ASX would be able to verify and then ASIC would have to be called in as far as I know. If you are watching this at home kiddies don't try it as it could endanger your health - only trained manipulators can get away with this safely. (just joking - its a pun in case you missed that)

An interesting discussion mate - of course superannuation accounts lose out and government revenue is lower so Australia loses - little guys lose and spend less in the local economy loses - so the wealth get concentrated or moves offshore via slick operators - what has fair got to do with it?

Well done Kal.
Cheers,
CW