So ACB got a speeding ticket yesterday from the ASX..!
On a small but significant rise, which is only moderate in terms of previous rises on the chart.
I wonder why the ASX only seems to be bothered about this when the price rises? When the price goes into a freefall, especially when due to heavy shorting of a stock, the ASX is nowhere to be seen or heard. There is no equivalent speeding ticket for a falling price, yet these can be far more catastrophic to holders than a price rise, despite the perpetrators (short sellers) making just as much, if not more, profit when a price gets pushed down....
The hypocrisy of the ASX is mind-blowing, particularly in the light of their encouragement of algo trading and High Frequency Trading which distorts the market in favour of the big end of town. Are these speeding tickets supposed to give comfort and reassurance to the average shareholder that the ASX is "on the job" and looking after our interests???
Hah...! Pardon my cynicism...
So ACB got a speeding ticket yesterday from the ASX..!On a small...
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