they have no life. Go out and cut some wood, feed some chickens, attend a board meeting... something.
they do it by shorting small lots at the asking price.They have to be doing this in concert with other trading houses flipping the same lots back and forth. If it is thinly traded and purchased on an up day, like the twelfth above 11.50, the long investors mistakenly put a stop loss on their lot in the low tens. After the manipulators drive it below the stop loss level a big lot could automatically sell into their hands.They get better at this every year and the SEC approves of it.
sometimes I think their motivation is just to screw the individual investor.
I took profits on other long shares in order to suck up one percent of the shares that traded today. All we needed was another fifty of me and it would kill the shorters because they would have to borrow new shares from a declining well as their small lots got put away by longs.
Yeah they can have two thousand of my shares to cover but it will cost them four dollars more than what they paid. It is not long before the next earnings report in early november will propel confidence that this is a consistently growing company.
One thing I will say for the manipulation, it creates opportunity for longs who have confidence in a company.
Ok, that means fair value is low 20's. Might take a couple quarters to get there though, if they can maintain the growth rate.
I added a pauper's pile just before the close and more over the weekend as options exercise.
They do this all the time to ALKS a midcap pharma on the grow. I just sold at a high now they will drive it down before earnings for a good re-entry in october.
I ex'd at 10.04. It did not stay below 10 long enough for me to get the order in.
All the rest will auto exerc at 7.5.
See y'all at 20 in november.
boy those manipulators are good at their craft.
104 contracts on sept10's makes it worth their while to steal your premium.
That is why I am exercising contracts over the weekend. They will have to give up stock they shorted and cover higher.
I like the notion of a secondary. I would wait until after ex-div for a week, after some positive foreward looking press releases.
Gee whiz, these reit managers need coaching.
And now the oligarchy of market manipulators are driving the market down with tapertalk fear.
Well at least the uber-rich are having fun.