Buyer came in at 1.01, CDEL pulled their offer, mo
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Posted On: 12/08/2017 1:37:27 PM
Buyer came in at 1.01, CDEL pulled their offer, moved it up to 1.02 and increased it to 12k shares.
Anyone who thinks this is normal honest trading hasn't been watching the trading of stocks that are too big to be manipulated to this degree. (Not saying that they aren't manipulated -- I had a friend who put a lowball stop on GM (years ago) -- a heavily traded stock. They manipulated a spike down 3 points, to take out his stop. That was the ONLY trade down there -- they literally just went down, stole his shares, and brought the price right back up.
This is why using TRAILING stops is the best way to put a stop on. With a trailing stop, only your brokerage knows that it's there. It does NOT appear on the order books for the market makers.
That of course assumes that your brokerage is honest and doesn't trade against its clients, as a certain famous on-line brokerage has been known to do.
Anyone who thinks this is normal honest trading hasn't been watching the trading of stocks that are too big to be manipulated to this degree. (Not saying that they aren't manipulated -- I had a friend who put a lowball stop on GM (years ago) -- a heavily traded stock. They manipulated a spike down 3 points, to take out his stop. That was the ONLY trade down there -- they literally just went down, stole his shares, and brought the price right back up.
This is why using TRAILING stops is the best way to put a stop on. With a trailing stop, only your brokerage knows that it's there. It does NOT appear on the order books for the market makers.
That of course assumes that your brokerage is honest and doesn't trade against its clients, as a certain famous on-line brokerage has been known to do.
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