After watching especially the small caps, i am convinced this ASX is manipulated by computer driven programs, bots, AI, Algorthmic trading etc etc and is a machine to relieve mum and dad investors of their hard earned.The ASX has gotten worse and worse since covid .
This is exaggerated by huge amounts of retail coming into the market since covid, with little idea of the underhanded tactics driving the ASX, all ALLOWED BY THE REGULATORS, and this just exaggerates the problem 10 fold. Anyone thinking of putting a bit of money into this sheet show asx casino, should really think again, unless you are extremely lucky, your $1000 will quickly turn into $100.
I know many may dispute this, but one only has to look at the All ords, trading near all time highs, yet the vast majority of smaller caps are all on all time lows.
Many stocks trading far below their cash backing, all in all a disgraceful asx casino full of manipulation by underhanded large funds, driving many a retail investor to lose their money and in turn doing untold damage to companies.
Wake up ASX and ASIC, you are allowing this, a casino appears far safer and is not manipulated as ASX is .
