MEO 0.00% 0.0¢ meo australia limited

todays action, page-33

  1. 12,085 Posts.
    Stockwatcher51 Iam

    I appreciate your strong effort in raising BOT awareness to the ASX ASIC and the media. It should be illegal but it seems to have a blind eye turned towards it by regulatory bodies.
    I was involved in SBM today and BOTS were crawling all over it,albeit, in my favour strongly.
    I in NO way condone the system as it is a form of human abuse,manipulation. I have only one concern, when in my favour, I welcome them, when against me, I despise them. I feel like a hypocrite. It is very very hard to be ethical in the ASX.
    I hold my breath 'til the day it is banned, if ever.
    Will all due respect to all concerned, would you buy/sell when in your favour? If yes, then we condone the practice.
    I hate to use a Buffett cliche,but, "Be fearful when people are greedy and greedy when people are fearful".
    As I stated, I respect your cause. Liquidity in the market is never in u proportion,eg- good ANN/profit ,stock up. Sentiment is the main driving force and a BOT requires this to function. As someone and I also have stated in the past, the most effective tool to stop a BOT us not to trade. Liquidity will stiffled temporarily and it reverses it's game. But, a stock can't always move up up up. A case of damned if you do and damned if you don't. :((:))
 
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