Market Manipulation

[nunthewiser]

I do think there are limits however to what you can do, but its all legal .

ASX stocks it is classed illegal on forms of "market manipulation"

never looked into other trading vehicles so i got no idea on there "laws"

 

[Naked shorts]

ASX stocks it is classed illegal on forms of "market manipulation"

never looked into other trading vehicles so i got no idea on there "laws"

Link?

I dont know how they could police it, there is no possible way in my mind. Whats to stop someone from saying they simply changed their mind about the direction of the market after selling a bunch of stock and decided to buy again?
Must be one of those laws they pull out when someone in the government wants to get something from someone... much the same as cops who waive "unlawful practices" to get you to dob in someone... or to get a payout.

 

[nulla nulla]

It happens every single day with everything. What do you think execution traders do all day?
I do think there are limits however to what you can do, but its all legal and so it should be because what they are doing isn't really "manipulation". The people who put their stop losses at technical points (for example) are not forced to put them there, they aren't forced to exit their positions when price hits that point, they aren't forced to risk their money in the market in the first place. What you do with you money is your choice.

Naked shorts has it in one. It happens every single day particularly in the opening or closing options.
Like most traders, I have watchlists which I watch at the time of opening or closing action.
There are many instances when a share is fluctuating between an opening or closing price of say $0.825 and $0.83. When you look at the number of shares in the buy queue at $$0.825 and above, versus the number of shares in the sell queue at $0.83 and below. You will see that the stimulators (?) are often trying to acheive a result where only one (1) share in the buy queue at $0.825 trades or only one (1) share in the sell queue at $0.83 trades.
Often the IAP price will be flickering between the two prices as what appears to be competing stimulators joustle for their desired price. I am amazed by the computing power and speed which market stimulators (?) can amend the buy/sell orders to acheive their desired opening/closing price.

 

[nunthewiser]

Link?

.

Market misconduct provisions
The current offences contained in Part 7.11, Division 2 of the Law will largely be retained in their current form but will be extended to apply to all financial products. This is intended to cater for future developments where, for example, markets may commence trading products other than securities and futures. These offences include:

Market manipulation;
Creating a false or misleading appearance of trading and fictitious or artificial transactions;

http://www.treasury.gov.au/documents/268/HTML/docshell.asp?URL=chap10.asp

Other sites have better details and info on whats classed as manipulation.

LOL at trying to police it.

 

[Naked shorts]

http://www.treasury.gov.au/documents/268/HTML/docshell.asp?URL=chap10.asp

Other sites have better details and info on whats classed as manipulation.

LOL at trying to police it.

LOL those laws are such a joke. Policing OTC transactions? hahahahahahahahahahahah

 

[Wysiwyg]

I reckon stock market "spoofters" should be banned. If the order isn't legitimate then hit them with a fine. Spoofers would be identified by pulling their bids/asks on a regular occurrence and shall be fined accordingly.

 

[Largesse]

if its in the book, it's there to be hit.


please tell me what criteria you are using to determine what is legitimate and what isn't?

 

[inenigma]

I've pulled many orders cause I got spooked... Prove that I didn't get spooked.

 

[gav]

I've pulled many orders cause I got spooked... Prove that I didn't get spooked.

LOL try telling that to the ATO. All they have to do is make an accusation and it's up to you to prove otherwise. But as others have said, LOL @ trying to police it...

 

[Largesse]

The ATO has nothing to do with policing share/derivative market operations

 

[gav]

The ATO has nothing to do with policing share/derivative market operations

That's not my point.

inenigma said "prove that i didnt get spooked". I was just pointing out that the "innocent til proven guilty" doesn't work in all cases.

 

[Naked shorts]

I reckon stock market "spoofters" should be banned. If the order isn't legitimate then hit them with a fine. Spoofers would be identified by pulling their bids/asks on a regular occurrence and shall be fined accordingly.

LOL!! Do you lose a bunch of money whenever you tried to trade off the DOM?

 

[Wysiwyg]

LOL!! Do you lose a bunch of money whenever you tried to trade off the DOM?

Yeah, thousands mate. I'm a big suck. = [sarcasm :]

 

[Largesse]

Wysiwyg, still waiting on your criteria for differentiating between legitimate and illegitimate orders....

 

[Naked shorts]

I'm a big suck.

Yes you obviously are.

Only someone who is disillusioned by losses would suggest something so incredibly stupid.

 

[Wysiwyg]

Yes you obviously are.

Only someone who is disillusioned by losses would suggest something so incredibly stupid.

It's a shame we can't meet face to face.

 

[Largesse]

Still waiting....

 

[Naked shorts]

It's a shame we can't meet face to face.

LOL! maybe you can suggest a way to differentiate between real and fake orders like largesse asked then? Why have you avoided answering it?

 

[vincent191]

I have no doubts market manipulation is alive and well. Pity I don't know how or have the means to do so otherwise I would have been a very rich man.

I recently read some young bloke has a computer program that enable him to trade millions of shares within a few seconds to take advantage of market conditions and have made tens of millions of dollars.

One major investment bank had approached him for his know how but he had knocked them back. I read this in the papers a while ago can anyone shed any light on this?

 

[Trembling Hand]

I recently read some young bloke has a computer program that enable him to trade millions of shares within a few seconds to take advantage of market conditions and have made tens of millions of dollars.

Why the hell is that market manipulation Its just trading.