Tuesday, August 03, 2010 1:35:08 AM
As far as "wash sales" it would be preferable to use the phrase "wash trades" as a wash sale is a totally different tax creature.
IMO if you blow through all the smoke: wash trades, front-loading, and painting the tape are all common *cesspool* tactics-- and I've seen them all in JBII(E)-- haven't you?
The thing about it all is that one can't place sole blame on Market Makers for these actions as they are also common tactics of "pumpers" ...
<<gotta get the float liquid, gotta get the momo sparked, gotta make bank>>
... but yet MM manipulation appears to be what your posts are trying to convey. So I guess deflecting may continue to work, but from this point on, there's an awful lot of shares to get absorbed into an illiquid Float w/ or w/o pumpers and or manipulating MMs.
To that end, I continue to suggest monitoring Money Flow, but as you said before to each their own.
Perhaps what we will be mutually interested in is correlating the next FTD report with the lifting of restrictions and seeing if there is a noticeable surge ~ July 9?
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