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Re: exkitteryff post# 581334

Wednesday, 03/29/2023 9:11:35 AM

Wednesday, March 29, 2023 9:11:35 AM

Post# of 695913
Looking at it logically, I can see various hedge funds manipulating the SP. Alternating buying and selling so they can buy low and sell a few cents higher, rotating between several hedge funds (my turn to buy, your turn to sell). Or selling and then spoofing to drive price further down so they can re-buy.
But BP keeping the price artificially low for takeover? The flaws in that theory are it has been low for years, so why no takeover yet? Or why would BP collude to keep low if it would only benefit one company, the one that buys it (there is still competition between BP's) ? Or if they were trying to bankrupt the company, why haven't they? Why let them survive at .60? So I'm not convinced of BP conspiracy theories.
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