AGS 0.00% 17.5¢ alliance resources limited

Hi O76. There are different games played on many stocks...

  1. 1,513 Posts.
    Hi O76. There are different games played on many stocks depending on the intention at the time of the "player/players" Please see attached a short summary of what can happen to a stock:

    Market manipulation describes a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency.[1] Market manipulation is prohibited under Section 9(a)(2)[2] of the Securities Exchange Act of 1934, and in Australia under Section s 1041A of the Corporations Act 2001. The Act defines market manipulation as transactions which create an artificial price or maintain an artificial price for a tradable security.

    Markets manipulation can occur in multiple ways:

    Pools
    "Agreements, often written, among a group of traders to delegate authority to a single manager to trade in a specific stock for a specific period of time and then to share in the resulting profits or losses."[3]
    Churning
    "When a trader places both buy and sell orders at about the same price. The increase in activity is intended to attract additional investors, and increase the price."
    Runs
    "When a group of traders create activity or rumors in order to drive the price of a security up." An example is the Guinness share-trading fraud of the 1980s. In the US, this activity is usually referred to as painting the tape[4].
    Ramping (the market)
    "Actions designed to artificially raise the market price of listed securities and to give the impression of voluminous trading, in order to make a quick profit."[5]
    Wash sale
    "Selling and repurchasing the same or substantially the same security for the purpose of generating activity and increasing the price"
    Bear raid
    "Attempting to push the price of a stock down by heavy selling or short selling."

    A number of the above have been happenining to AGS IMO at different times.

    Cheers
    Chicka
 
watchlist Created with Sketch. Add AGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.