I am all for rigorous debate and not everyone will have the same opinion....it would be a very boring world otherwise. What I do like about Placido's post is calling out BS when he/she sees it. HotCopper has so many paid trolls whose only purpose is to spread fear and misinformation to the financial benefit of their employers. Take a deep breath... how many stocks in the top 100 in ASIC's daily short file have HotCopper threads dominated by posters whose sentiment is "sell" and holding is "not held"? Let me extrapolate a little further.... How many of you attend rugby union games when you don't support either side and don't like rugby union? Well durh! (No one attends Waratah's games, they always lose!) The better answer is that no one participates in dialogue when there isn't a vested interest. Punkt. Accordingly, everyone on the sideline of a football/tennis/cricket/AFL match has obvious rationale for their attendance. Exclusively negative HotCoppper posters on stocks they don't hold do not. These clowns are wolves in sheeps' clothing on the payroll of shorters. I am comfortable that WiffaSniffa is not part of this cohort, although the posting record mentioned is very suggestive and implies otherwise. So long as shareholders are aware that the ASX is the wild west and that blatant crimes will go unpunished is the status quo... I have no problem. What I do ask is that serious investors take the time to watch the below link regarding the Parliamentary inquiry into ASIC. They investigated less than 1% of reports of manipulation. Imagine what society would look like if the police only investigated 1% of crimes. Joe Longo as Chairman of ASIC has IMO enabled the biggest fraud in Australian history by not enforcing the law! Number of people (or companies) sentenced to 15 years gaol (as stipulated under s1041 of the Corporations Act)..... that would be ZERO! Clearly the ASX has never been manipulated. Compare the wording of s1041 with the trading practice between 4pm and 4:10pm. Virtually every law that I had to confirm knowledge of (as an RM and as part of compliance under the AFSL) wasn't just broken, it is openly flouted. ASIC is the Sergeant Schultz of regulation for those old enough to remember Hogan's Heroes... https://youtu.be/VHO-9m-BhJM?si=WhywkwEw82O1FFaG
VTX Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)