I think you're being too black and white cujo.
You're making the assumption we're operating in a closed market at any point in time and that no new market participants may enter. This is clearly not true.
e.g. suppose i owned 5M NMS shares and in particular, 3M on behalf of clients X,Y,Z, which, under their instruction, wish for me to accumulate for them at a "good" price. Suppose I decide to place 3M Sell at 90c and 2M buy at 85c.
Tell me what happens now cujo if a competing broker receives a few calls from various clients who decide they would like to take some profits NOW! Let's assume the total to sell is 10M.
What will happen to the corresponding share price as supply slowly outweighs demand?
The first broker has been foiled but it doesn't mean he wasn't capping.
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