RE: Market Manipulation4 Sep 2018 15:10
SB, being a complete sceptic I assume that a sell order was placed at a given price (and this is where my conspiracy theories get really silly) the MMs who are pals with various institutions or members of, agree to complete the order but know that there is no current uptake hence the sudden increase in price. All those who believe this is undervalued and believe this maybe the re-rate, we expect and hope for, start jumping in buying up the aforementioned sell order.
The MMS clear the decks and take their commission\spread etc and down we go. Wiping out all the stops from the new punters on the way down.
Obviously I don't know any of this but it doesn't feel like share value movement, rather more like make a quick buck from the unsuspecting ...