You or I cannot do it because of the transaction costs. (I don't know what you buy/sell at but $14.95, $19.95 or $29.95 or even 1% is what we mere mortals pay) But someone with Direct Market Access (DMA) who pays a pittance (in some cases 1-2c per trade courtesy of the bourse upon which they transact) can certainly afford to churn ..
large volumes ... small volumes ... algorithmic trades and little bot trades ... and they can hold the price of a share range bound. Sometimes they actually make money if stupid peiople like you and I insperse our trades with theirs.
It should be stopped ... but why would the bourses kill the geese who lay their golden eggs ?
CTP Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
