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Re: kertz post# 61537

Monday, 05/07/2012 1:33:27 PM

Monday, May 07, 2012 1:33:27 PM

Post# of 72137
Definition of 'Painting The Tape'

An illegal action by a group of market manipulators buying and/or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, lures in unsuspecting investors as they perceive an unusual volume.

http://www.investopedia.com/terms/p/paintingthetape.asp#axzz1uCqQOLM7

Illegal practice by traders who manipulate the market by buying and selling a security to create the illusion of high trading activity and to attract other traders who may push up the price.

A practice in which brokers make numerous buy and sell orders for a security in order to create the appearance of high trading volume. This will cause the price of the security to move in the brokers' desired direction. Because this is a form of price manipulation, painting the tape is illegal. The "tape" refers to ticker tape. See also: Pump and dump.

http://financial-dictionary.thefreedictionary.com/Painting+the+Tape


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y