RE:Anonymous is wash trading for a reason pilotguide wrote: I guess we will find out soon.
For a stock run what you do is you accumulate at a low price then as the stock runs on a story or news or whatever you sell or distribute to those who are buying as the price goes up. Then when the price is as high as you know or think it will go you short and then you cover your short as the price declines.
It is called the accumulation distribution accumulation cycle.
Paper to cash all the way up, then short for more cash, then filling the basket or accumulating again at the bottom at the lowest prices.
It looks like stocks go up and down - what they really do is circles from price A to B to A at different levels.
No doubt. I have been taking down lots in the range of 25K to 40K shares, the past couple of days, at offers up to 11.5 cents today.
My orders always fill in 500, 1000 & 2,000 share increments, but all at the same time. No one single offer of more than 5000 shares has ever come my way. But they are almost all from ANONYMOUS.
And EVERY time, just 2 seconds after my order fills, ANONYMOUS crosses a wash-trade at 1 cent below my fill price.