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Price Manipulation

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Super Contributor
So today I learned something new. If you try to buy a small amount of shares at much higher price it is seen as a price manipulation and order is rejected.
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7 REPLIES 7
Super Contributor
why would you want to buy at much higher price?
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Super Contributor
so that you can "sell" that stock at a much higher price (Sell SSF)
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Super Contributor
Try to move the spread higher and possibly get some momentum. I got exposure in the stock.
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Super Contributor
so, in other words you were trying to manipulate the price?
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Super Contributor
Yes I was. But since what that is not allowed?
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Super Contributor
they used to call it ramping, positive or negative. Always been against the rules, 300 years?
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Super Contributor
I've see sometimes it does work, but not often. I did it unsuccessfully on the same share back in October but no one said anything back then!!
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