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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Message: More games being played
and you guys say I'm wearing a tin hat
Open .96
high .96
low .96
TOTAL volume as of 10.31 am 724,590
just around 10.15 am approx 300k shares traded hands at .96
My level 2 doesn't show who did the trade but along with the other days games, it's obvious that someone is trying to move the price up and the market just ain't buying it.
now read the following paragraph on manipulation and tell my I'm a conspiracy theorist.
Also known as "price manipulation".
Investopedia explains Manipulation
One way people can deflate the price of a security is by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security.
One way people can deflate the price of a security is by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security.
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