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Company is saying rebalance.

These are just crooks front running reblance with inside information as has happened on RSG.

Geez don’t the regulators do a good job!!!

Out goes a genetic please explain letter the company answers and tells them it’s the rebalance, then all is forgotten, person at ASX goes back to warming their chair.

People who have information about ETF rebalances and use it to short or front run the market are just plain crooks. The regulators need to get involved and see what is happening behind closed doors.

Even better ban this stupid and dangerous products. If investors are two lazy to base investment decisions on research why give the this passive option? It doesn’t enhance the purpose of the market which is to discover price and efficiently direct money in the direction of the most deserving and away from the least deserving. That’s how strong markets are built, through understanding and measurement. All passive funds do is add liquidity and apparently cause volatility due to their size. They should be restricted in how big they get as a segment of the overall market they operate in because their actual effect is to exaggerate values when companies are performing well or when the market is exuberant and overshooot in the other direction when sentiment is low, as is probably the case here (I don’t know the compamy well enough to know for sure).

When you get swings like this based on crooked shorting in is not only illegal but it damages sentiment towards the compamy and undermines confidence. Real investors get spooked and leave the market.

I think one of the boss of these companies should take on these crooks and get ASIC to draw down the curtain on these crooks. After all they are illegally damaging this companies IMO and should be sued to recover damages. Why do we as investor put up with these practices. We should all be picketing the offices of ASIC and the Federal Minister in charge demanding change. Esh