Painting the tape
posted on
Jul 15, 2010 09:47PM
An illegal action by a group of market manipulators buying and/or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, lures in unsuspecting investors as they perceive an unusual volume
It would therefore appear that the price can be manipulated both up and down.
Down, so the manipulators are able to purchase cheap shares.
Up, so the manipulators are able to sell the previously purchased cheap shares.
I sincerely hope that the BoD have initiated an investigation to ensure that PTSC's price isn't the subject of this illegal action.
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Be well