Just for the beginners so you understand what manipulation is and why it occurs I thought I should explain. Especially since you will see it mentioned on many forums of stocks that are in permanent decline.
in essence it's the stacking of the sell by parties related to those attempting to buy lower.
if using cay as an example you would put lots of stock on the sell, sell large chunks to smash the price down then slowly gobble up much more than you sold at a far lower price
you could see someone perhaps sell 5m here at 5c to 6c to smack the price to 4c, but in order to make it worth it they would need to buy 20 to 30m at 4c or below or they are just burning money
today cay did 9 grand of volume, if this was manipulation the people involved are losing lots of dough, to regain their losses selling at 6c down to 4.9 they be needing to have picked up 30 to 40m easy, not 9 grands worth, millions worth
Whilst many cheerleaders on many forums cry manipulation to explain why their stock is in the toilet, its reasonably rare and reasonably easy to spot. Usually its reserved for large volume stocks as its impossible with low volume stock like cay
our current price is absolutely not due to manipulation and any person with any reasonable idea of what manipulation is let alone someone who has seen it first hand Could tell you that
CAY Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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