ASIC are totally useless, i've contacted them on numerous...

  1. 1,971 Posts.
    ASIC are totally useless, i've contacted them on numerous occasions about market manipulation and bots etc, and the practice has continued to flourish, it's become worse if anything, hard to find an ASX listed stock that is untouched by BOTS in a trading week. Contacting journalists is probably not a bad idea if they decide to run with it, but need large numbers of people to vent their anger, too much apathy among traders. Watch and see what happens to WTP Watpac today, it'll get hammered down by tiny trades at regular intervals, as soon as there's a small lull, the BOT takes over with their 50-100 shares churning through. I'll perdict 350 trades today, 75% of which will be bots, and half of those will be trades under $200.
 
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