Australian (ASX) Stock Market Forum

Sick of traders keeping prices low

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NewTrade said:
Because I don't think I am qualified to make such a solid distinction and am only able to speculate.

Watching new replenished bids put in, and small parcels being thrown into those bids in right after the price jumps a point is suspicious enough to warrent such a speculation.
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Fair enough. Since it is only speculation, what plans do you have to find ways to prove/dis-prove your speculation?

Do you have an open mind that it could be just someone breaking up the sale of his large order?
 
Why not TRY IT YOURSELF

Wont be long and youll see how successful it is!
 
tech/a said:
SKC
And I thought I had a strangle hold on ASF sarcasm.

Ill have to resort to Hyperbole
and Litotes
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What can I say? You are the duck, I am the chicken. Who knows that common poultry can be so sacastic?
 
NewTrade said:
I know I've mentioned this before, but I am just sick and tired of this trade practice.

Every time the price goes up, some trader flicks off a parcel to bring the price back down. This automatic flicking is getting really annoying because it not only keeps the price down in the red, but is effecting the charts with an abnormal pattern. The parcels are always small - and the dishonesty is frustrating.

Watching some idiot sell into himself with small parcels to coerce others to sell into his bids is just plain annoying. It seems to stand out when dealing with small caps.
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Welcome to the markets, LOL.

Whats wrong with low prices, I hope they go lower.
 
NewTrade said:
I know I've mentioned this before, but I am just sick and tired of this trade practice.

Every time the price goes up, some trader flicks off a parcel to bring the price back down. This automatic flicking is getting really annoying because it not only keeps the price down in the red, but is effecting the charts with an abnormal pattern. The parcels are always small - and the dishonesty is frustrating.

Watching some idiot sell into himself with small parcels to coerce others to sell into his bids is just plain annoying. It seems to stand out when dealing with small caps.
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New Trade
Please do not take the rules I quote the wrong way.

Bill Gates gave a speech to high school class, about the things the children will not learn at school. They go by as a number of rules. I will put down the first two and then work out how to post the complete article.

Rule No.1 Life is not fair - get used to it.

Rule No.2 The world doesn't care about your self-esteem.
The world will expect you to accomplish something.
Before you feel good about yourself.

My comment... if you worry about things that you cannot change, you will battle your whole life.
Look at the positives.
You can spend your whole life trading how somebody told you to.
Or you can learn from the guys here, who attempt to help you.
But they will not say how to do it, because they wan't you to make that choice.
joea
 
Techa and SKC could make a great comedy double. They crack me up.:D

Thats a fair assesment Joea, I look forward to the other rules.
 
Not a game for the feint hearted. You need balls to enter the market and a sharp sword to slay the beast.
 
NewTrade said:
I know I've mentioned this before, but I am just sick and tired of this trade practice.

Every time the price goes up, some trader flicks off a parcel to bring the price back down. This automatic flicking is getting really annoying because it not only keeps the price down in the red, but is effecting the charts with an abnormal pattern. The parcels are always small - and the dishonesty is frustrating.

Watching some idiot sell into himself with small parcels to coerce others to sell into his bids is just plain annoying. It seems to stand out when dealing with small caps.
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First of all, are you investor or trader? If you are investor you have to live with this price fluctuation. Judging from your username I guess you are the latter one. If you are frustrated by this price movement by small sellers /those yet strong enough to move price, how awesome huh?/, I think you don't get the whole idea of trading, even you should not even be trading, get something easy for your life, man. Trading is not for everyone, specially your are not mentally prepared to take any stress.:rolleyes:
 
Hi NewTrade,

Curious if this sort of behaviour you're describing falls under the category of market manipulation where someone acts "to create a false or misleading appearance regarding the market" for a particular security.[1] This would make their actions illegal and worth reporting to ASIC.

Perhaps I'm not reading into things right, but selling to oneself sounds like it creates a misleading appearance to me.

Where do you draw a distinction?



[1]ASIC
 
I could sell my house to myself for $1.

But that wouldn't lower the value of the house, it wouldn't lower the value of my neighbors house.

$1 would just be a price paid for my house, not what it's worth.

If everything ever only cost what it's worth, there would be no such thing as stock trading because the price would be steady day in day out. What you're looking at is not the value of the stock going up and down, it's just a price somebody paid.

If you believe he is genuinely selling to himself at a price lower than what it's worth, put in a big buy order at that lower price and snatch it up every time he tries to sell to himself.

I'd love to be able to buy up $1 houses that way, because I know they're worth more than that.
 
davede said:
Perhaps I'm not reading into things right, but selling to oneself sounds like it creates a misleading appearance to me.
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Newtrade has no idea whether anyone is selling to themselves. Newtrade has made an assumption based on nothing. Newtrade has had a whinge and then jumped to unfounded speculation because the price of the stock in question is not acting the way Newtrade wants it to.

There is nothing sinister or underhanded going on. My suggestion would be instead of watching every single price movement - let the trade play out.
 
nomore4s said:
Newtrade has no idea whether anyone is selling to themselves. Newtrade has made an assumption based on nothing. Newtrade has had a whinge and then jumped to unfounded speculation because the price of the stock in question is not acting the way Newtrade wants it to.

There is nothing sinister or underhanded going on. My suggestion would be instead of watching every single price movement - let the trade play out.
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That makes more sense.

Couldn't remember the exact terminology for the type of market manipulation NewTrade is describing when I posted last time but now I remember - it would be a 'wash sale' I think.

A transaction between parties that doesn't involve a change in the beneficial ownership of a security.

Which would be illegal. Of course I don't believe this is what is happening either.
 
nomore4s said:
Newtrade has no idea whether anyone is selling to themselves. Newtrade has made an assumption based on nothing. Newtrade has had a whinge and then jumped to unfounded speculation because the price of the stock in question is not acting the way Newtrade wants it to.

There is nothing sinister or underhanded going on. My suggestion would be instead of watching every single price movement - let the trade play out.
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You'd think that - but I hardly think you can sit there and actually believe I have pulled this information out of my ass....

I watched the trading activity for two days and the consistancies between the parcels going into fresh bids that were always a half-point lower than the last traded price. The reason why I can't produce anything definitive, is because it is a futile effort. How can I determine with certainty the numbers originiated from the same source outside of speculation?

So jump off your horse - it is doing you no good.
 
https://www.aussiestockforums.com/forums/showthread.php?t=15047&page=1

I mate, I understand your concern however this is the market in all its beauty. It may suck for us little guys who do not have the resources to play these games also but is not without the risks for the manipulator.

Good luck in your trading!


NewTrade said:
You'd think that - but I hardly think you can sit there and actually believe I have pulled this information out of my ass....

I watched the trading activity for two days and the consistancies between the parcels going into fresh bids that were always a half-point lower than the last traded price. The reason why I can't produce anything definitive, is because it is a futile effort. How can I determine with certainty the numbers originiated from the same source outside of speculation?

So jump off your horse - it is doing you no good.
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