UBS Manipulating YOW ?, page-5

wow, I wish I had some detailed info a while ago.
I complained to ASIC and ASX about 2yrs ago.

The whole principle of trading on the ASX is supposed to be that all market participants are informed, all have equal access etc, supposed to be orderly, and not manipulated etc.

I maintain that the CFT /BOT trading cannot be anything BUT an organised attempt to manipulate the market in a coys shares.

My argument is this. Example only.

So if a Seller has a parcel to sell of say 1,000 shares, and he sells 1 share at say $1.00, then sells another 1 share at say 99c, then another 1 share at say 98c, etc, then that must be manipulative trading.
IMHO, that can be the only explanation of that sort of trading.

Because if one has 1,000 shares to sell, why else would one sell 1 share at a time?
if the buyer wants more than 1 share, (be it 50 shares or 1,000 shares), why wouldn't the seller sell his whole order into the seller if he can?
but they don't.
they sell 1 share, 8 shares etc.

and remember, these trades are not marketable parcels. they are uneconomic trades.
you and I cannot sell or buy 1 share at a time - we have to buy in marketable parcels.

imho, this sort of trading flys in the face of everything the ASX is supposed to represent.
How many of us can take our laptops and plug straight into the ASX computers? which is what these Bot traders are allowed to do. ASX makes significant revenue from this.