Today's WSJ article explains how the SEC is looking
into the wash rule. Wash trading is essentially self trading
as a means to manipulate. Why would someone sell to buy?
I suspect the self dealing is done with the motive of tripping
stop loss orders. With high frequency trade platforms, and
insider trading on information. One would think wash trading
by an accumulator wouldn't be a concern? However, when
the SEC investigates this kind of manipulation. It acknowleges
self trading as a problem. IMO someone stepping down the
SRT "Ask" last friday walked the shareprice into a low of $4.77
which triggered stop loss orders. Obviously manipulation works
because SRT dropped 5% on large volume.
If you believe Startek is in the process of a major turnaround.
You won't use auto triggered stop loss orders.