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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Games being played

Games being played

posted on Sep 08, 2009 03:37PM

Just for fun I counted all of the buy Bids at .95 on LEVEL 2 ..There were 66, of which

33 were bids of 500 shares

16 were bids at 1000 shares

5 were bids at 2000 shares

there rest were various levels...

NOW TELL ME ABOUT MY TIN HAT

Manipulation

What Does Manipulation Mean?
The act of artificially inflating or deflating the price of a security. In most cases, manipulation is illegal. It is much easier to manipulate the share price of smaller companies, such as penny stocks, because they are not as closely watched by analysts as the medium- and large-sized firms.

Also known as "price manipulation".
Investopedia explains Manipulation
One way people can deflate the price of a security is by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security.
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