ok - just one more. i've been watching one of my favourite blue chips and noticed some interesting price capping going on. that is, huge sell orders sitting in the queue forcing smaller players to sell at market and then if price moves close to the big orders, they'd magically disappear and likewise, as the price drops, big orders sneak in.
and the asx talks about imposing fines for market manipulation - yeh right.
thus, i don't really feel much sympathy for the major institutions that got burnt in the recent market fall - only problem with this view is that the institutions were probably gambling with people's super funds. if it wasn't so tragedy - it would be funny.
wacky wednesday, page-31
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Last
8,187.4 |
Change
10.500(0.13%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,176.9 | 8,226.7 | 8,173.8 |
| XJO (ASX) Chart |