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Alias Born | 04/19/2018 |
Wednesday, November 07, 2018 4:33:46 PM
Let me tell you uninformed amateurs something. The SEC now monitors the daily movement of penny stocks more than you realize. When they see dribbles of stock creating an up move, its prima facie evidence of someone's intent to manipulate price. For all the right reasons they've cracked down on those kinds of intentionally deceptive but wholly obvious moves.
They can also flag the order to see if the small amount of shares purchased were due to a partial fill before the market-makers moved the price (which is okay), OR if the order was for just that puny amount of shares.
Some of you yo-yo's are begging to be put under a microscope. It just takes one whistle-blower or an alert shareholder to call the SEC. Who wants to be the first?
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