Finally the Australian Securities and Investment Commission is looking into the possible cases relating to "market manipulation".
Market manipulation is when somebody leaks information that causes investors to make significant buying or selling decisions. It also can be brought on by large investors making signficant sell orders or buy orders thereby affecting the up or down movement in a share price then cancelling these orders once they have had the desired affect on the sharemarket traders.
It is frustrating for the standard "long" investor who buys and holds but may rely on the valuations of the share portfolio to support a prudent margin lending position.
Our view is to try to see through the current volatility in the sharemarket any to continue making long term investments. The truth is, when building a long term investment portfolio you want the share prices to stay low whilst you are accumulating more shares as you can buy more - it is about buying income earning potential to provide an income stream in the future to replace your personal exertion income or to assist in paying down debt positions.
Invest - don't speculate - you might as well go to the races if you want to do that.
Regards
Damian Ebzery B.Bus M.Bus AFPA ASA
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