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Monday, May 16, 2011 7:32:00 PM
It is when trades are filled at a brokers desk and then reported.
It makes for a false sense of volume and shares swapped to a particuliar party.Also small brokers can hide behind companies like NITE by using NITE's electronic clearing instead of having their own clearinghouse account.That to makes for shananagins.
Many will think they can make money by buying in but will be forced to chase it and then will not be able to sell.
Just watch what happens if this POS is manipulated again.
Gonna make a difference !
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