I don't care what defence the ASX security staff make with respect to auto bots, there is no policy which protects shareholders interests - unless of course one of us deliberately caps the sp.
I'm sure Etrade would refuse me any further business if I sold down a sp by 4¢ with a lousy 9 FPOs.
Problem with the ASX is that they don't have the balls to police that sort of market manipulation.
What's good for the Goose is good for the Gander - but not in the equity arena.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held