At 12.27.53 today an institution or broker sold 197 ITD shares at 38c for a $74.86 return, an action that ordinary retail traders are unable to carry out due to a $500 minimum transaction cost per trade. This phony 'sale' reduced the SP of ITD from 40.5c to 38c, resulting in a 6.2% SP decline and a drop in its market cap of around $2,500,000!! Why did this happen and why was this allowed to happen? The only reason I can fathom is that it is a tactic to 'scare' retailers with small parcels into selling their holdings, so make sure you don't succumb to this blatant manipulation!! Any other ideas out there?
Add to My Watchlist
What is My Watchlist?