too dodgy

  1. 1,635 Posts.
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    KCG was getting spanked quite hard. Someone sold 170,000 and pushed it to 7.7c. Down 10% on the day.

    Then right on 4:00pm someone buys a few hundred dollars worth at the highest possible price (8.3c) so it closes above 8c, completely against the trend.

    Someone is trying to prop up the price. This is about the 5th time I've seen the same action done.

    Cheers
 
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