Ann: Market Update, page-14

Here is my complaint to ASIC today about trading in Watpac today

Share price manipulation of Watpac shares
Shares were trading all day at 60c then in the final auction some manipulator sold the shares down to 57c. It was a fall of over 5%. He sold 186 shares at a cost of $106.20.
He/she has done this for one of two reasons
a) to manipulate the price down for the folowing day so that he can purchase them at a cheaper price at 57c
b) the person doing it is planning a takeover so has an interest in pushing the price down.