mrpaul32,You may want to check out the Algorithmic Trading Forum...

mrpaul32,

You may want to check out the Algorithmic Trading Forum on HC.

This is definitely a programmed BOT VIRUS operating on VKA today, and they are legal in Australia on the ASX !!

It could be trading in what is known as a Dark Pool (of equity), buying and selling to itself in order to manipulate the price. This is not policed by the ASX, and is not illegal on the Australian Stock Exchange, though in any fair stock trading system it would be.

The politicians and those who make the laws governing behaviour on the ASX are not concerned about you and me, about the mum and dad investor, they support the big investment institutions, those who can make party donations, that is why they let these things roam free on the ASX network, causing the havoc they do.

When you see a programmed BOT VIRUS operating on a stock there is not much anyone can do, best to keep away and come back another day because it is difficult to assess what the actual real price of the stock is at any one time.

The BOT can break the buy and sell issues up into a million parcels, and who knows how it is programmed, the people who write the software code do not have to get it certified by the ASX to say that what the BOT does is safe or not illegal, or that it is not a Virus unleashed on the network.

It is like the ASX and the government just do not care, while the trading system is being destroyed.

Some people get spooked by the actions of a programmed BOT and sell out cheap when they see the price tumbling, but it is best to just go away and get on with life when you see a BOT, and then come back on another day when the the real world has been restored, and when some form of sanity has returned to the stock trading behaviour.

BOTs should be banned, or there should be trackers attached to their activity so it is all recorded, or a minimum limit should be set on the price of a trade, and that should include a BOT trade, but the big investment houses are making too much money out of these programmed VIRUSES, which are in reality just legal software Viruses programmed to (in effect) steal people's invesment, or at least trick them into losing.

I hate it when one of my stocks is attacked by a BOT VIRUS, and I was watching this one today, just as I have watched many others.

Over on the Algorithmic Trading Forum there is a group of very decent Australian investors trying to have something done about banning or controlling BOTs, they have written to politicians, some have had meetings with their local members, and they are reporting BOT behaviour to the ASX and ASIC.

Please encourage everyone to join in.

Gw

There are two things I know of that are infinite; the universe, and human stupidity. And I am not sure about the universe.
(Albert Einstein)