Jitney - Dealer 99I have a serious issue with this dealer. They keep hitting the stock at day end (low closing it), and they have been doing this (boxing the stock) for the last few months at least. They don't do it everyday, but more often than not. This is the classic sign of accumulation by people with a lot of money. They sell dribs and drabs at day end to low ball the price using Jitney (so the market doesn't catch attention to it going up), while they are buying up shares throughout the day using other dealers from traders who get bored and move on to another momentum stock.
I don't know why some people want in so badly that they feel they must manipulate the price, but I really don't like these methods. I've seen this on many other stocks I've owned during the years, and all of them went up multiples of where I was complaining about this practice. I guess I should be happy about this, because it means wealthy people are accumulating, but I really don't like seeing it. It doesn't seem fair to me for the average investor, that is unless they are smart enough to accumulate while this practice is taking place.
Good luck to all,
x