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......
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.
SMD Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
