Can someone explain this technique of selling small blocks below the bid...it appears to be an attempt at keeping the pps down...I don't quite understand what gets accomplished by this activity? Anyone care to offer an answer?
“short attack.” As you know, a short attack involves the coordinated selling of large blocks of stock. This creates a huge, rapid downward price plunge, intended to panic investors into selling. The point of a short attack is that the attackers get to buy back their own stock, and more, at artificially deflated prices.
They do so, of course, because they expect the stocks to return to or surpass their previous prices.