Amfil Technologies Inc (FUNN)

[recinvestor]

FastMny, respectfully let me clarify something.

Although some are trading between themselves (selling shares at ask, then selling a small number on bid back themselves to shake more loose at a cheaper ask, then buying back at the lower ask price). Notice how they will jump the bid slightly to ensure they can sell back to themselves. It's all legal.

Actually what you describe is not legal. One can not buy and sell to themselves legally, that is stock manipulation. If one is using multiple accounts linked to the same tax payer id, and it is discovered they are trading between accounts, that’s a major punishable violation that will lead to a jail sentence.

The more “creative” (loophole) way around this, to help disguise the activity, is to use multiple accounts with different tax id’s associated (friends/family). I’m sure this happens more frequently.

If caught however, this too is illegal. It’s what sent HotStockAce and KomodoRobot to jail as they were conspiring and trading between themselves in multiple accounts to artificially create volume and manipulate price.

The purely legal way to short is to either sell short (using borrowed shares) through your broker if shares are even available to short, or just sell at X price and buy back lower. This way one is not selling or buying from themselves. There is another party involved.

I believe you know this, but your post suggests otherwise and it wouldn’t be in the best interest to suggest people try to trade in and out to themselves, as that is illegal.

Respectfully,
Rec