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Re: None

Wednesday, 04/21/2004 7:23:56 PM

Wednesday, April 21, 2004 7:23:56 PM

Post# of 94
Spoofing:

Stock market manipulation in which a trader with a position in a stock places an anonymous buy order for a large number of shares through an ECN and then cancels it seconds later. The price of the stock will immediately jump, giving the impression of high demand, which draws others into buying the stock, allowing the manipulator to sell at a higher price. Some market analysts believe this is one cause of increased volatility in the markets.

Painting the tape:

The illegal practice in which traders buy and sell a specific security among themselves, creating the illusion of high trading volume and significant investor interest, which can attract unsuspecting investors who might then buy the stock and enable the traders to profit.

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