GREY:BNPUF - Post by User
Post by
1nt2Tradeon Jun 03, 2015 11:46am
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Post# 23793201
Manipulation
ManipulationIt seems to me like the BNP stock has been and is being manipulated over the last couple of days. The bid ask lots seem unsusally low alot of the time sometimes only single digits yet there are almost a million trades a day. At 2:14 yesterday the stock dropped $.13 within a couple minutes then came back up. Another huge drop just happened today @ around 11:30. Also on May 28 at around 11 am a $.3 drop in about 30 minutes. The volume does not seem unusual with about 800 000 - 1000 000 trades so a leak does not seem plausible.
These events are difficult to explain in the context of WTI increasing 5% since last friday. Maybe someone else has an explanation?