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Re: Steponit post# 180841

Friday, 09/05/2014 3:18:52 AM

Friday, September 05, 2014 3:18:52 AM

Post# of 347753
If it is actually a lot of wash trading, then it is only a matter of time before they get caught and then the SEC will freeze their assets just like they did with the fools from the HEMP fiasco. They will then be prosecuted and fined. My suggestion is to submit suspicion of trading practices to the SEC, on their website. Might help draw the attention in the right direction to ensure that if actual manipulation is occurring, the people responsible are held accountable. The mess today did look very suspicious. The books with matching trade share blocks bought and immediately sold down were my greatest concern. Hoping the trades today are showing a sense of panic among the washes and shorts, though. Might actually see a decent spike tomorrow, if that is the case. I don't think that would have been MM's today, though. Usually they aren't stupid enough to make it that obvious. The perpetual large share block walls look more like retail trying to restrain it or burn it down, while longs just hold shares steady. That seems to be a large deterrent for many to continue to buy actively into the stock lately.