Replies to post #341225 on NanoTech Entertainment Inc (NTEK)

[ChitownMike]

Bmak hell bent on hitting new lows.

[Sleepy2016]

Wash trading is a tactic used to manipulate both up and down. Fact.

No, it's not fact. It doesn't even make since nor is it even possible. In practice a wash trade could only bring the price down if there were no bids lower than the price being "wash traded down". By definition that would make it an illiquid stock.

Dozens of online sources define wash trading. Not a single one anywhere says the tactic can be used to drive a stock price down. The purpose is to give the illusion of liquidity to an illiquid stock in order to entice buying (at any price).

Wash trading is illegal, as it is done in order to manipulate the market and prompt other investors into buying the position.

http://www.investopedia.com/terms/w/washtrading.asp

A wash trade (not to be confused with a wash sale) is a form of market manipulation in which an investor simultaneously sells and buys the same financial instruments. This may be done for a number of reasons:

To artificially increase trading volume, giving the impression that the instrument is more in demand than it actually is.[1]

https://en.wikipedia.org/wiki/Wash_trade

Definition of wash trading

Wash trading occurs when a trader buys and sells the same securities simultaneously. Wash trades benefit brokers who earn commissions from the trades. Wash trades can also be used to create the false impression that there is investor interest in the security. Wash trades conducted around the endpoint of a tax year are also sometimes used to evade taxes. Wash trades are not in and of themselves illegal but they are almost always used for illegal purposes.[1]

lexicon.ft.com/Term?term=wash-trading

wash trade
A transaction designed to make it appear that a purchase and sale has occurred even though no change in ownership occurred. For example, an investor might simultaneously buy and sell shares in one company through two different brokerage firms in order to create the appearance of substantial trading activity that will draw in other investors. Wash trades are illegal.

http://financial-dictionary.thefreedictionary.com/wash+trade

... and every other definition found online says the same.

[shajandr]

Alan, wash trading cannot manipulate a stock DOWN, only up. Since you seem to think it can be used to lower a share price, please explain in detail exactly how anyone can wash trade a price DOWN.

Since it is nott possible, I await reading your explanation of how you think it would work.

Let's hear it! In detail.

Oh, and I'm STILL waiting for you to explain:

Alan, aside from the fact that there are no 'naked shorts' nor long-term FTDs in OTC stocks, and the T+3 rule has been in effect since 2009 ...

Assuming for the purpose of argument there were, since only 10,000 shares ~OUTT of 1,700,000,000 NTEK shares issued and availble to borrow and short have BEEN sold short, WHY would anyone need to 'naked short' this pig?

It's easy as pie to find borrows - and WHY does the reported short interest decline and increase - if borrows were difficult, the short interest wouldn't be declining - especially as ISSUANCES are 12.5 million new shares into the FLOAT every week.

Oh, and why aren't your mythical 'naked shorts' showing up on RegSHO FTD list? Please explain the mechanics of how one can pull off that magic - selling an 'air share' that is nott delivered on T+3 and yet somehow doesn't ever show up on the Reg SHO FTD list???

How exactly is that done?

[Goodbuddy4863]

The first trade was 100 shares.

Must have been a sale because the share price went down.

The second Trade was a Buy[1 million shares] and brought the price back up to $.004

Go NTEK

Go:


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