Generally I agree that manipulations seems like BS, but the more I use mathematics in my trading, the more I think it is completely feasible and probable that manipulation of share price is being attempted.No not by big funds, as they will always get a slice of the pie, but by smaller mobs who are less ethical, more dishonest and a bit more tricky.
At a Seminar last year a guy who was a speaker and runs a smaller company (who use some pretty cool technology) in Sydney told me how he personally does it (stacking the sell queue when he wants to buy etc), but of course he could have been talking crap.
You could certainly run the numbers to make manipulation work or even worth an attempt, even by using a few million stocks as bait. Mathematics and statistics these days is pretty advanced. IDC is the only stock I hold where mathematics plays only a small part, however the day will come. Generally I dont play these stocks as there are others that are statistically very predictive using various algorithms and tools developed by mathematical/statistical noodle heads in the states.
Now Gamble, grab your spade and divining rods and we'll head up to PNG in me canoe. Seems like they need a bit of a hand to speed things up.
IDC Price at posting:
10.4¢ Sentiment: None Disclosure: Held
