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Message: Re: Trading pattern on VIT ?
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Trading pattern on VIT ?

langosta
Oct 26, 2010 01:54PM
Out of the last 500 transactions 90% of them have been Jitney selling 100 and 200 blocks to Scotia and when Jitney slows, Scotia trades 100 to 200 blocks between itself. Keeping the stock between $1.50 and $1.52 while making pennies seems to be their motive right now. A nice news release would put an end to their game in a hurry.

From Investopedia:

Jitney, or "the jitney game," is basically the same thing as circular trading. The term originated from "Jitney buses," which was a derogatory slang term for Ford buses at the beginning of the century. A reporter coined the term by alluding to the five-cent piece it cost back then for a bus ride. It has since been used to refer to something that is cheaply and poorly made.

A fraudulent activity in the penny stock market involving two brokers trading a stock back and forth to rack up commissions and give the impression of trading volume.
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Re: Trading pattern on VIT ?
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Orange Flash
Oct 28, 2010 04:21PM
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