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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