I don't doubt that traders (and their machines) try and influence a better price. Is that wrong? Doesn't everybody try and get a better price for anything? I think the word manipulation is overused, one could say shops manipulate with their regularly sales.
Place a sale price in the window and accept a lower price than they could otherwise in exchange for volume and possibly gain new customers! While different context there is similarities in that behaviour to trading shares.
Bottom line is driving down a price should only impact micro-short term traders. If believe in the company then this type of action is a windfall - it offers up a better price to buy more.
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