Today's FINRA short report provides a good example

Today's FINRA short report provides a good example of how wash trades are utilized by market makers to hold down a stock price (sometimes they use them to walk down the price as well). It is likely imo that someone actually purchased 50,000 shares of NTGL today and the rest of the volume was wash trades. It is my opinion that there are virtually no shares of NTGL available therefore it is important for the MM's to try and discourage buying. Notice however, the price continues to slowly inch up as quiet accumulation is taking place. The shorts are in trouble here and with a dividend hanging over their heads and a large short position already in place they are treading very carefully. Going to be fun watching NTGL acheive success. Go NTGLL!!!