Blue. This form of trading has been going on for decades. Unfortunately, if a investor places a stop loss on his stock someone is going to take it out. To me it's like leaving a hundred dollar bill hanging from your pocket in a crowded area. Someone's going to take it. A 75 cent drop on a $15 stock is a 5% loss for someone, and a 5% gain for someone else. Do that several times a year, it's a very nice return for the trader.
Don`t I know it`s been going on forever,I watched it happen everyday,but that doesn`t make it right,and it definitely shouldn`t be allowed to happen. i can`t believe that people are dumb enough to even use a stop loss because of that.Big boys can see them all sitting there and know how far down they have to take it to grab the most amount of shares,that`s what they could stop,don`t let them be able to see the stop loss tickets because it`s criminal that they can.