Monday, May 13, 2013 5:25:17 PM
Just need access to a MM that doesn't list how many shares to buy or sell and place x1 bids and dark pools of a few hundred thousand shares to continuously drive the price down.
You set up the dark pool on the Ask with x100 shares, and nobody gets any sells, so they underbid you, so you lower your dark pool. Rinse, repeat.
Then re-buy slowly to reload, so as to not impact volume and repeat.
One person with the right MM and 500k shares can crush the PPS a few pennies, get more than 1 and you have a night are scenario.
Not exactly a money maker unless they have the ultimate goal of buying a massive position at their bottom target.
Add negative articles on Yahoo and other news aggregators, weak handed investors and then poor transparency with lots of holes for bashers to tear apart.. And you have the making for the easiest manipulation game ever played.
When MJNA finally pulls their heads out of their... Well, you know, there will be more buying pressure than a manipulator can handle and their dark pools will get swallowed up leaving them to chase if they used a Naked Short or if they were wanting to build a position before the price took off.
That chasing just reinforces the positive run up until momentum creeps to a halt and the RSI stabilizes... Then the manipulators can play their game again.
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