All not rosy at DaytraderHQ

As reported in today's Sydney Morning Herald, recent actions by DaytraderHQ's founder and major shareholder have disappointed staff, shareholders and members. Mr Greg Smith, who owns and runs DaytraderHQ an online broker and software trading company, also faces a possible investigation from ASIC after pump and dump allegations.

DaytraderHQ offers online trading services developed by Hartley Poynton and eStar while also promoting trading software that gives stock recommendations based upon technical analysis. ASIC has previously warned investors about such software. A guide for investors who are interested in such software is available from the ASIC website at – http://fido.asic.gov.au/index.cfm-id=C57DCD76-FF04-11D3-A4DB009027DE39A4&Method=Full&story=yes.htm.

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