Textbook example of how to quietly move a stock down without giving up a single share, and paint the tape with 220,000 shares of volume while you're at it. It is as simple as selling 110,000 shares back and forth between 2 accounts.
Let's say the stock is $.0065 x $.0048 (which IDDR was earlier today), and you want to bring it down quietly without giving away your stock at these prices. This is how easy it is:
Step 1 - Place a bid for 100K shares @ $.005 using account 1
Step 2 - Sell 100K shares to account 1 @ $.005 from account 2
Step 3 - Repeat with a bid for 10K shares @.0048 from account 1
Step 4 - Sell 10K shares to account 1 @ $.0048 from account 2
You have now moved 110,000 shares from account 2 into account 1, with 2 simple trades.
Next, you simply move the 110,000 shares from account 1 back into account 2, where they started.
Step 5 - Offer 100K shares @ $.005 from account 1
Step 6 - Buy 100K shares back from account 1 @ $.005 using account 2
Step 7 - Repeat by offering 10K shares @ $.005 from account 1
Step 8 - Buy 10K shares from account 1 @ $.005 using account 2
(-- DONE! Now all 110,000 IDDR shares are right back where they started ---)
The total cost was around $20 (or less) for all 4 trades.
The result = IDDR is now down to $.0048 x $.0035, but it shows 0% price movement on the chart because the last trade was at $.005, and there's also 220,000 shares of volume at $.005 to dissuade potential investors.
To a penny stock novice, this chart looks like a seller just dumped 220,000 shares today, and ended up knocking the bid down by 30%.
Trading stocks like IDDR when they are slow is like playing poker, and sometimes it's all just a bluff.
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* DISCLAIMER - This information was provided for entertainment purposes only. Buying or selling shares between 2 or more accounts for the purpose of manipulating the share price/volume/chart of any stock is NOT legal. This is called "stock manipulation" and it carries severe penalties, like being barred from trading, paying huge fines, and even going to prison, so DON'T EVER DO IT!
This example was provided solely to help penny stock investors better understand how market manipulation works, how to spot it, etc. The above example was postulated from extensive recent experience trading this stock, as well as other similar OTC stocks, but there is no way to verify that it is 100% accurate.
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PRO TIP
- ALWAYS BUY YOUR SHARES FROM THE BID
- ALWAYS SELL YOUR SHARES FROM THE OFFER
- The spread is your profit, so don't give it away.
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