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I follow the golden rules. Listen. Analyse. Use your own circumstances and strategy. Then act and take responsibility. No one else will take responsibility for my failures even i receive paid advise.Even if there is some level of manipulation of share prices along the lines described in the article, does it really matter? Only poor investors with weak conviction will get shaken out by incremental manipulation anyway. The thesis is not all that compelling anyway, has the whiff of conspiracy theory about it.
John Hempton vows to target Australian frauds
Short-seller John Hempton has vowed to target an Australian market that is ripe with “frauds”, a problem that he says is exacerbated by a misguided corporate watchdog.www.afr.com
One of the most damning articles I've ever read about the Australian market. Surprised to see it in the AFR.
Its true. The defamation laws protect the elite.
There are a lot of fraud companies out there especially in the junior mining and tech space. I can think of only a few at ASX 300 and above. Most are just overvalued rather than being corrupt. Quintis fell off the press radar very quickly. Whatever happened? Newsat was a shocker too. But never any consequences.interesting in several ways
i hold RFF and held QIN ( but luckily rescued the investment cash when it was still TFS , but still vaporized most of the 'paper profit' , and am kicking myself for not bailing as soon as the name/ticker change was announced , i ignored my own red flags )
it will be interesting to see what is targeted , several forecasts have looked optimistic
The Fin rag's Rear Window column has itself been a victim of the country's mad libel laws a year ago, for repeatedly slandering a former director of failed Blue Sky Investments. I think that judgement has been appealed, though.Surprised to see it in the AFR.
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