traders plunder super, page-5

been saying it ever since the ASX listed. The ASX should not be allowed under law to make the rules or regulate them with their financial interest at heart. its like letting a junkie run a chemist. it will cause these sorts of markets to get out of control. the latest short selling rule they came up with has helped cause this market to tank. they may find themselves held accountable at a board level for contributing to massive looses in this market through their rulings. Hopefully they change the rules and allow the market to return to a normal place of business without providing an undue advantage to hedge funds. super funds might be wise to disguss this with them. as i understand it, hedge funds can tank a stock via a short sale at any market price. you don't need to sell above the last traded price. This is a fabulous destructive tool used by hedge funds to destroy a stock at random and force margin selling. All that for turn over.You all just witnessed that at work over the last few weeks. send the bill to the ASX if you lost money. the ASX has made its easy money and should now be answerable to the investing public and made accountable to its rulings imo/.