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wadirum1

09/24/20 11:05 AM

#1294 RE: NewJerichoMan #1293

Good point. Thanks.

The thing is that POLA pin action doesn't explain a stock trading 4X or 5X its float in one day. Plus, I sort of doubt that the trading involved institutional holders or some of the long-term folks. So what you have is probably 500K or 1M shares getting wash-traded back and forth 20+ times per day.

That's manipulation, albeit perhaps driven by pin action as you indicate.