This is the nature of the stock market. It would certainly happen again. No matter how strict the law is, people will try to avoid catching from the authority from the manipulating activities. If there is a fireproof law in KLSE, many investors or punters would migrate to overseas market. KLSE might become a dead pool.
Pump n dump will always be there mah....!! Just like gambling & betting house....if people chose quick get rich scheme & take unnecessary negative risk....nothing we can do...bcos of human nature mah....!!
Should be easy for SC to check who were the Big Sellers Today. They would be the same people who moved the stock up. Operators work in a team, but follow the money, they are connected.
IT IS NOT A CRIME TO MOVE THE SHARE UP OR DOWN LOH....!!
THE CRIME ONLY COME ABOUT....IF THEY SPREAD MISLEADING INFO TO INDUCE BUYING & SELLING LOH...!! THE PROBLEM IS THAT PEOPLE WHO MOVE THE SHARE AND PEOPLE WHO SPREAD INFO OR NEWS ARE OF DIFFERENT PEOPLE...VERY DIFFICULT TO PROVE COLLUSION LOH...!!
everytime same story,query and the reply will be unaware. you think sc and bursa don't know? they just close 1 eye. so many times also. since 2002 when bursa introduce the 100 share lot only started this.
in half an hour a particular stock can be limit down. so beware if u buy and pumping stocks. if u chase a new high stock u cannot even go to the toilet
Market will be dull without speculation. This type of speculation happen through out the world stock exchange. No point of complaining. It is just normal. That is why it calls pump n dump method
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Shellhouse
641 posts
Posted by Shellhouse > 2016-06-21 18:45 | Report Abuse
The human factor, greed, euphoria. When emotions surpass logical thinking. The illusion of quick riches.
No overseeing body nor restrictions will ever overcome this.