Not quite as you said Kengaikl.
First, if an investor (as opposed to a share trader) sold their shares and then bough back again shortly after while the share price has no fluctuation (eg. remains the same for about 24 hours), that is unacceptable by ATO (check www.ato.gov.au website for more info). It's called something like "share washing"....
Second, if one intends to "wash" their share, after selling at a certain price, they would be very much reluctant to buy back the share at a premium to their just selling price. As a result, pressure will keep up.
I am just a newbie.
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