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Re: shajandr post# 340260

Tuesday, 01/10/2023 2:42:45 AM

Tuesday, January 10, 2023 2:42:45 AM

Post# of 346708
Painting the close to give a false market price is illegal....yet it happens. The VWAP goes a long way to show it when it does occur. It is therefore understandable that the companies benefiting from that manipulation would want to deny the validity of anything that shows the real price, specially the daily VWAP.

And they do it doggedly sometimes.

Imagine having $20K invested and somebody paints up the price 20% (Which happens here a lot). That "add" to their holdings would allow somebody to say 'Whew, that is one more day I don't have to tell my wife I have lost the kid's college fund.'
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My opinions are what I express in my posts....each and every one of them. BUT...I was wrong once and could be wrong again sometime so do your own research and don't blame me if you are too lazy to do so.