Why Simon? if you own that share surely he can sell at the current bid. Attempted market manipulation could exist if he is selling to a related party or if he has a SSF (with the same share ) in play. More info is required Simon? Very interesting?
This is not aimed at you personaly but after our chat i thaught about it and what OST is doing is telling me what to sell and what to buy...why can someone put in a bid to buy at 15c if no one is allowed to sell at that price...i know you just work acording to rules.
Investopedia i.c.w. Manipulation: The act of artificially inflating or deflating the price of a security. In most cases, manipulation is illegal. It is much easier to manipulate the share price of smaller companies, such as penny stocks, because they are not as closely watched by analysts as the medium- and large-sized firms. Also known as "price manipulation". One way people can deflate the price of a security is by placing hundreds of small orders at a significantly lower price than the one at which it has been trading. This gives investors the impression that there is something wrong with the company, so they sell, pushing the prices even lower. Another example of manipulation would be to place simultaneous buy and sell orders through different brokers that cancel each other out but give the perception, because of the higher volume, that there is increased interest in the security. I'd like to hear more from OST purely for reference purposes.
That is very interesting why then not tell us at what price we are allowed to bid at? whats the point of the bid then. Will OSt or should i say the JSE accept 16, 17, 18, 19 or 20 cents.Would like to know.Thanks
seems to be causing a bit of a stir, why can't we sell shares at whatever price we want to. Maybe someone has a large tax bill and wants to offset some of it against a loss on shares, r any other reason for that matter. Isn't this a free market??? In a free country???