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Chambers Street Properties Message Board

  • cbx6cylinder cbx6cylinder Jul 17, 2013 6:03 PM Flag

    Brokerage Houses Controlling Stock Price

    Seen it before, large brokerage houses can dump shares at a loss, only to pick up a larger position at below what they sold theirs for.

    That approach takes out alot of stop loss orders and causes it to continue down on panic selling, then they buy them back when it has fallen even lower.

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    • legacy owners want out which pushes it down more. Plays right into the game of the hedge funds and market makers. No "anxious" buyers to keep price up. Maybe it will recover but for now it is painful almost every day.

    • That's what I've been thinking too. I have watched the trading in this stock for days, and these 15K or so sell orders appear with uncanny regularity, there is certainly an appearance of someone trying to drive it lower because more often than not they appear just as soon as the stock rises a little bit. Who could have a strategy to keep selling at any price level as soon as the stock attempts to rise unless it's to drive it down? You could say they just want to get out, but why didn't they get out the few times the stock rallied?. Hard to tell for sure of course, but no individual that acquired the shares prior to the listing could be selling like this day in and day out. There is also no news, so it's hard to come up with a rational explanation.

      There was something weird about this stock early on. For the first three days if I remember correctly it closed at exactly 10.0 which is hard to achieve.

 
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