A known day trader spamming negative messages about a company they're actively trading could be employing a strategy known as "short and distort." By spreading negative information, they aim to drive down the stock price temporarily, allowing them to profit from short-selling before buying back at a lower price. This unethical behavior exploits market sentiment for personal gain, demonstrating a lack of integrity and reliability in their actions.
There seems to be plenty of this behaviour occurring on SPX.
A known day trader spamming negative messages about a company...
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $25.94M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $48.31K | 8.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3984627 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4391960 | 18 |
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| SPX (ASX) Chart |