"Every morning, and almost without fail (during pre open), 3 to 4 buy orders are placed in parcels of between 200,000 and 300,000 at between 1 to 4 pips above the last traded price. At the same time, the exact same quantity of sell orders are placed at between 1 to 4 pips lower than the last traded price. Are you telling us this is not manipulation but rather, 100 individual investors, on 100 different days, just happening to exactly coincide with identical orders at identical points above and below the last traded price? There are of course other orders placed, but these are pretty quick to be in the queue. If it's not manipulation, what is it?"
Yes it is market manipulation. It is called Churning. HOWEVER THE PROBLEM IS THAT IT IS USED to fake an increase in activity intended to attract additional investors, and increase the price. Link bellow.
http://en.wikipedia.org/wiki/Market_manipulation
Buy the way, as the article points out it is illegal.
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.01M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.5¢ | $396 | 2.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16022 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 54000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16022 | 0.185 |
5 | 130191 | 0.180 |
1 | 17000 | 0.175 |
1 | 80000 | 0.170 |
1 | 38458 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 54000 | 1 |
0.200 | 53064 | 3 |
0.205 | 10000 | 1 |
0.210 | 7115 | 2 |
0.240 | 65509 | 2 |
Last trade - 12.20pm 11/11/2024 (20 minute delay) ? |
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