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Thursday, February 22, 2024 10:20:39 AM
It is secret buy/sell groups that employ them. They are massive shareholders, and profit from the manipulation of price. Too many inexperienced traders sell at market, immediately dropping the share price, which the buy/sell groups eagerly acquire. They can AFFORD to pay the bashers because they buy at a discount caused by traders that get 'scared' by the bashers and sell out. Then all they have to do is let the stock float back to where it was to realize their profit.
Even I usually have both buys and sells set up, but at a limit. If it gets above a certain price, some is sold. If it gets below a certain price, some is purchased. That simply creates some profit in a stock that just meanders around.
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