RE:Weird tradesIt makes sense from a price manipulation standpoint. To better understand it you need to know these tricks:
What Is Wash Trading?
Wash trading is a process whereby a trader buys and sells a security for the express purpose of feeding misleading information to the market. In some situations, wash trades are executed by a trader and a broker who are colluding with each other, and other times wash trades are executed by investors acting as both the buyer and the seller of the security. Wash trading misleads investors into believing that trading volumes for a security are higher than they actually are, potentially increasing legitimate trading activity on the security in the process.
What Is a Jitney?
In finance, the term jitney refers to a broker that does not have direct access to an exchange and therefore relies on another broker with exchange access in order to execute their trades.
The term can also be used to refer to a type of market manipulation in which brokers trade securities back and forth with one-another in order to earn commissions and artificially produce the appearance of high trading volume to mislead retail investors who rely on technical analysis.
What Is a short ladder attack?
It is a form of market manipulation where an organized group of short-sellers (people who have bet a stock will go down) sell small numbers of shares to each other at successively lower prices to “paint the tape”—meaning to create a series of reported prices trending down that will scare other investors into selling—thus helping their short bet to win.
What Is a short attack?
A short attack is a carefully planned and coordinated attack by a group of short sellers that involves taking a large short position in a company then attempting to drive the share price down by the release of biased negative information. This information can be released in a variety of ways including via a discussion paper, in the media, via “independent” analysts’ reports or on message boards and blogs. Often, these tactics are employed in combination for maximum effect.
Manipulation toolbox (anyone trading this stock must be aware of it)
What Is a short ladder attack?
What Is a short attack?
What Is a Shakeout?
What is fear mongering?
What Is P00P&SC00P?
What is short and distort?
What Is FUD ?
What is stop loss hunting?
What Is wash trading?
What Is a Jitney?
What Is market capitulation?
What Is a bear raid?
What Is painting the tape?
What Is marking the open/close ?
What Is spoofing ?
What Is psychological warfare (psyops)?
Jim Cramer in a leaked video (Jim Cramer explaining the basics of stock market manipulation) clearly explains how short sellers are playing this stock from collusion to lies to pump it and then fade it and many other tricks. The whole charade is meant to tire shareholders and force them to capitulate by hiding the truth and pushing fictional stories about a company. If you are looking for an insider on Wall Street’s inner workings Jim Cramer is in the dead center.