Selling micro parcels of shares in a not for profit way but to trigger stop losses is manipulation.
The one question you ask is why would you sell 100 or so shares of a company for $34? It is not to realise a position. You will usually find it is not for a 'pure' reason. Maybe a bit of light reading:
http://coralcapital.com/market-manipulation-and-noneconomical-trading/
http://journals.sagepub.com/doi/pdf/10.1177/0263276414566642
What we are seeing is manipulation.
I actually agree that this is the way the market works though. My position is that it is not supposed to be the way it works.
BTW, I don't feel picked on. HC is a great place to learn and exchange info.
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2.8¢ |
Change
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Mkt cap ! $8.486M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.0¢ | 2.8¢ | $13.15K | 453.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 142985 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 361122 | 7 |
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