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Re: jaxstraw post# 23848

Saturday, 03/24/2012 9:50:45 AM

Saturday, March 24, 2012 9:50:45 AM

Post# of 221942
That was the thread that I was referring to. I have no doubt that there is plenty of manipulation going on, but I also believe that the "usual suspects" are all straw men. Odds are, the same guy who is pumping the hell out of something and pointing at the "massive support at .00XX" is the one who put the bids there. Once he's done selling, that rug gets pulled out and the suckers find out that there is no floor under it. He then cries foul claiming MM manipulation. Lather, rinse, repeat.
This kind of thing happens on all levels, not just the pinks. I think the main difference is that on the big boards you are dealing with viable companies, so there is some basis in reality for how they trade.
I found the action on DHT last week very interesting. The volume had been hovering at about 500k-1million for almost two weeks and the price fluctuated from about 1.00 to 1.15. Then in three days, the volume went from 1.5, to 3.6, to 5.4 million. The price ran to 1.50.
Then this came out:
http://ih.advfn.com/p.php?pid=nmona&article=51693125
And of course the massive sell off followed. It closed Friday at 1.03.
Amazing set of coincidences?

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