manipulation, mastery and malady..., page-3

Absolutely BRILLIANT idea, make any share on the ASX a minimum price of $500 which happens to be the minimum trading parcel anyway, so that would stamp out bot manipulation in a heartbeat. I dont think it would disadvantage real traders, i'm sure most would be happy to stump up $500 a share knowing the price cant be played with, or at the very least make shares $100 each...keep things semi-real, and as you said, make the share registry a lot tidier, $100 a share and price movements in 5 or 10 cent increments...that or totally ban algorithmic trading which is now simply a tool for instos to manipulate share prices. It's laughable sitting here watching companies shares trade every 2 minutes in single digit numbers for hours on end, often they (bots) are the only ones "trading" the stock. This type of trading has become a frankenstein monster, the beast is unleashed and totally out of control. ASIC should keep in mind that no one is above the law, remember chief magistrate in NSW in the 70's Murray Farquhar, jailed for perverting the course of justice ? Prisons minister Rex Jackson taking kickbacks for giving criminals early release ? ASIC chairman Tony D'Alosio might be in need of his lawyer skills one day, it's been under his "watch" that this bot trading has flourished in the past 2-3 years. ASIC are supposed to prosecute corporate criminals, not turning a blind eye and telling us day after day that there's no manipulation happening...give us "proof". They have taken the term "perverting the course of justice" to a new level, and i hope the ***** are reading this. Gees i hope Liberals get in come August 21, things just MIGHT change for the better for our market.