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Replies to #61537 on MediaG3 (MDGC)
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cyberbullymouse

05/07/12 11:42 AM

#61538 RE: kertz #61537

Exactly. Overt manipulation.
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Hardwood

05/07/12 1:04 PM

#61550 RE: kertz #61537

$MDGC approaching multi month resistance! IMO if it is broken we open the door to a Major Upside Bias!!
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Cassandra

05/07/12 1:33 PM

#61557 RE: kertz #61537

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