SMD 0.00% 1.0¢ syndicated metals limited

Price Manipulation

  1. 143 Posts.
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    I am getting tied of what I assume are stockbrokers placing orders just after 4:10pm to try and move the price in the direction they desire.  I take it is a dealer due to the timing of the trades, always 4:10pm +/_ secs.  I also assume they are selling to and from accounts that they control as per XT code for sale between their own clients and not on the open market - Gee Bob I'll sell you $21 worth of shares directly at a much lower market price, you buy them and we can push the prices down for opening next Monday......

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    ASIC is certainly a toothless tiger as you see this market manipulation so often.

    They other great one often seen is the rise in trades 1-2 weeks prior to announcements, you would think insider trading was legal in Australia.
 
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