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Silverstar Holdings Ltd - Commo Message Board

  • rexobXIP rexobXIP Dec 9, 2008 11:22 AM Flag

    Is SSTR being manipulated down?

    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.

    Anyone have an explanation?... A theory?

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