Still wondering about price manipulation. When the bid is .10 for 100 shares that is a $10 buy. Even if you're only paying 7 bucks a trade, that bumps your cost to .17 and the stock would have to go to .25 just to break even on the buy and sell... .35 to make a $10 profit.
Even if someone has a large enough account or fee structure for free trades, this hardly seems worth the time.... and that is why this feels like manipulation.
Right now the bid is 100 x .12 + a $12 buy. The low bid holds the price down, and the buyer won't make a profit until the share price triples. Now a thousand shares or ten thousand makes sense IF you want to go long, but 100 perplexes me.
I've never traded that many times in a month so if there is a limit I haven't hit it. If you had a couple or a few people with the ability to make commission free trades and if they controlled enough shares they could use the opportunity to run the price down with these smalltime trades. SSTR mamgement has made this possible by giving sky high guidance and then screwing the pooch. The reason for driving the price down would either be to shake loose as many cheap shares as possible and scoop them up or to make it difficult for SSTR to get financing. There aren't enough individual holders of this stock to account for the trading we have seen in the last 6 months IMO.
If you can't short it, but you want to drive it down then you have to trade shares back and forth at ever lower prices. This only works if management screws up the numbers and scares away potential buyers.