Share price manipulation

[cordelia]

well despite the article on the cover of the Fin Review yesterday concerning the ASX supervisory powers being taken over by ASIC in an attempt to better regulate the market it seems that stock manipulators don't give a toss....


If ever you doubted sucha thing existed take a look at the trading that has been going on with BLY......


10mil plus orders stacked on the sell...and that is just one order!!!

 

[Aussiest]

I suspect there'd be a bit of manipulation going on with brokers, esp. in relation to small caps.

 

[skyQuake]

well despite the article on the cover of the Fin Review yesterday concerning the ASX supervisory powers being taken over by ASIC in an attempt to better regulate the market it seems that stock manipulators don't give a toss....


If ever you doubted sucha thing existed take a look at the trading that has been going on with BLY......


10mil plus orders stacked on the sell...and that is just one order!!!

Have you considered thats a big seller with a lot of stock to dump?

 

[gfresh]

Well as long as it stays there and is eaten away until it's gone that would be legit.. but from years of watching this sort of thing, 98% chance the majority of the order will soon "disappear" before even a fraction is sold. That is manipulative.

Depth as it stands is useless most of the time as taught in text books, but in some ways without the large market players putting a lot of stock up for buy and sell during the day you'd also regret the lack of liquidity. When they (largely) nicked off for a while in parts of 08, and they had no real desire to purchase that's when you had stocks falling 5-10-15% in a day. So it depends which you prefer.

FGL is a good one lately.. watch that during the day. It's not just small caps.

Look at the major shareholders for stocks such as this.. It's usually not much of a surprise they are the big overseas names you have heard of. How do they make such fat bottom lines in their equities departments?