Sino-Global Shipping America (SINO)

[value1008]

That P-SAR switcheroo was bizarre, b/c as i've previously said here, after the bizarre early morning bear-raid to drop the stock down to the level to trigger a P-SAR switch from Buy to Sell, when it then zoomed up to 3.99 on the great mid-morning earnings report, that spike should have triggered "BUY" on the P-SAR (the upper limit was showing 3.99 last Monday), unless that trigger was actually at, say, the 3.993 number, not 3.990.

Perhaps what suddenly reversed SINO's s/price at 3.99 was an HFT algo designed NOT to trigger the P-SAR to "BUY" but immediately plunge the stock with the intent to then take the stock down on an amazing fall over 6 straight days to test the lowest possible support.

Stock manipulation at its finest.

And the hedge funds and MMs can do it because of the small float and lack of sufficient institutional buying to hold the price.

Well, on the positive side, anyone who didn't have a cost basis down in the $2s can now get that.