Spoof Trading and ManipulationSpoof Trading and manipulation: from one of my earlier posts:
By the way, there is some underhanded manipulationof this stock going on. Check TTSB’s posts in GRS – the NYSE version ofGammon – ‘Spoof Trading’. Have you ever noticed the way a commodity orindex tracking ETF moves along with hundreds of orders above and belowthe market price – but they are never executed – they do this to contain the price within an envelope – the volumes are too great above and below for anyone to move the market. They control the price this way.
T.Gam trades this way. Someone moves the price around and then when you aren’t looking they steal your money.
... So they push the price up beyond the trend line to shake out the shorts - and steal their money, then they run up the stock to make the retail sucker buy in from their holdings, then they sell off and steal the long's money with a bull trap.
Suckers play this stock.