Showing posts sorted by date for query manipulators. Sort by relevance Show all posts
Showing posts sorted by date for query manipulators. Sort by relevance Show all posts

Sunday, 7 December 2025

Why are manipulated stocks so risky?


Questions: Why are manipulated stocks so risky?

14.1.2010

Here are the main points why manipulated stocks are so risky.

List of Main Points

  1. Market Structure Facilitates Manipulation: Bursa Malaysia has an abnormally high number of listed companies for its small market size and economy, creating a pool of low-value, illiquid stocks that are easy targets.

  2. Shifted Motivation for Manipulation: After the 1997-98 crisis, banks became wary of accepting inflated stocks as loan collateral. The primary goal of manipulation is now to directly profit from pumping and dumping shares on retail investors.

  3. The Manipulation Playbook ("Pump and Dump"):

    • Accumulation & Cornering: Manipulators buy up large stakes at very low prices.

    • Artificial Inflation: They use tactics like wash trading (fake accounts), ambitious announcements, and large fake buy orders to create false volume and demand, driving the price up.

    • Enticing Punters: The rising price and fabricated activity lure in speculative retail investors ("punters").

    • The Dump: While maintaining the illusion of demand, manipulators secretly sell their holdings at inflated prices. Eventually, they dump all remaining shares, causing a crash.

  4. Extreme Risk for Investors:

    • Predictability: It's nearly impossible for outsiders to know when the dump will happen.

    • Crash, Not Correction: The decline is typically sudden and severe ("crashes").

    • Asymmetrical Outcome: Investors risk losing everything ("lose a bomb") on a single failed exit, while gains from timely exits are speculative and risky.

  5. Fundamental Worthlessness of Targets: In Malaysia, many manipulated stocks are from fundamentally weak companies on the "brink of bankruptcy" with little chance of a real turnaround, making them pure gambling vehicles.

  6. Author's Advice & Disclaimer:

    • Strong Warning: Trading such stocks is compared unfavorably to casino gambling.

    • Alternative Suggestion: For those drawn to speculation, exploring speculative stocks on the ASX (Australian Securities Exchange) is presented as a potentially better option, as many are exploration companies with genuine, if slim, prospects.

    • Recommended Approach: The only safe way in Malaysia is fundamental, long-term investing.

    • Legal Disclaimer: The author states they are not a licensed adviser and shifts responsibility to the reader and their licensed remisier (broker).

Discussion

The text provides a coherent and critical analysis of stock manipulation in the Malaysian context. It effectively traces the evolution from collateral-based fraud in the 1990s to the modern retail-focused "pump and dump" scheme. The core argument is that the risk is systemic and exacerbated by local market conditions.

The discussion highlights the asymmetry of information and control. Manipulators control the supply, information flow (via announcements), and even the appearance of demand. Retail investors are at a severe disadvantage, participating in a rigged game where the exit doors are controlled by the manipulators.

The comparison to a casino is apt but with a crucial distinction: in a casino, the odds are mathematically known and regulated. In a manipulated stock, the "house" (the manipulator) not only controls the odds but can also change the rules of the game mid-play.

The author's perspective is notably cynical about the quality of speculative Malaysian companies and suggests a geographical arbitrage—speculating in Australian resource explorers is framed as having more merit due to the nature of their business (seeking a genuine discovery) compared to the "worthless" Malaysian counterparts.

Summary

Manipulated stocks are exceptionally risky because they represent a controlled deception rather than a genuine investment. In markets like Malaysia, where many small, low-quality companies are listed, manipulators can easily corner a stock. They artificially inflate its price through fake volume and misleading news, creating a false narrative of success to lure speculative retail investors. Once enough outsiders buy in, the manipulators dump their shares, collapsing the price. The retail investor faces a near-impossible task of timing their exit before this crash, often leading to catastrophic losses. The entire process is characterized by a fundamental disconnect between the stock's price and its underlying value, making it a form of financial gambling where the odds are deliberately and opaquely stacked against the public participant. The only advised antidote is to avoid such schemes entirely and stick to fundamental investing.

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LCTH Case Study (Sept - Dec 2010) of the "Pump and Dump" phenomenon for penny stocks

Penny Stocks: Pump and Dump (SELL TO SUCKERS)

3.4.2011

https://myinvestingnotes.blogspot.com/2011/04/penny-stocks-pump-and-dump-sell-to.html



Based on the detailed data and observations you provided about LCTH and the linked forum discussions, here is a summary and discussion of the "Pump and Dump" phenomenon for penny stocks.

Summary of the LCTH Case Study (Sept - Dec 2010)

The provided data for LCTH is a classic textbook example of a "Pump and Dump" scheme. Here's how the pattern unfolded:

  1. The Setup (Pre-Pump): For months (from at least May 2010), the stock traded quietly at low volumes, with prices hovering consistently between RM 0.26 and RM 0.31. This was the period when promoters/manipulators were likely accumulating shares at these low prices.

  2. The Priming & Promotion: As noted, the stock was promoted in internet forums. This created subconscious awareness among retail investors, putting the stock on their "radar screens."

  3. The Ignition (Late Oct - Early Nov 2010):

    • Volume and price activity began to increase noticeably from late October.

    • November 4, 2010, was the climax. The stock gapped up, with the price hitting a high of RM 0.41 on an astronomical volume of 11.5 million shares—many times higher than any previous volume. This was the frenzy phase where hype peaked.

  4. The Dump: The key question is answered here: Who sold on November 4th? The manipulators and "smart money" who had accumulated earlier sold their holdings (dumped) into the massive retail buying frenzy. The price closed at RM 0.38, already off the day's high.

  5. The Aftermath & Trap (Post-Nov 4):

    • The party was essentially over, but more "suckers" entered over the next few days (Nov 8-12), buying at elevated prices (RM 0.37-0.40), providing an exit for remaining promoters.

    • With no new buyers left and the manipulators gone, the price began a precipitous fall. By late November, it was back to ~RM 0.28.

    • The following months (Dec 2010 - Jan 2011) saw the price drift listlessly between RM 0.25 and RM 0.30, leaving latecomers holding significant losses.

Key Lessons from This Event

  1. Volume is a Tell-Tale Sign: A sudden, massive, and unsustainable spike in volume (like on Nov 4) is often the hallmark of a dump. It represents a transfer of shares from manipulators to the public.

  2. The "Talk of the Town" is a Red Flag: When a previously unknown penny stock becomes wildly popular in forums and chat rooms, it's often near the end of the pump cycle, not the beginning.

  3. The Greater Fool Theory Fails: Investors who buy during the hype are betting they can sell to a "greater fool" at a higher price. When the music stops, they find they are the greatest fools left holding the bag.

  4. Low Price ≠ Value or Opportunity: A stock trading below RM 1.00 is not inherently cheap. Its low price often reflects higher risk, lower liquidity, and makes it easier to manipulate.

Summary of the Linked Forum Discussions

The forum posts you linked discuss other suspected penny stock schemes, reinforcing the same lessons.

  1. "Penny Stocks: Pump and Dump" (General Thread):

    • This thread serves as a warning and educational resource. It defines the "Pump and Dump" scheme.

    • It describes the cycle: Accumulation → Promotion/Hype (Pump) → Distribution (Dump) → Price Collapse.

    • It warns investors to be skeptical of anonymous tips, "hot news," and coordinated hype on forums and social media, especially for stocks with thin trading histories.

  2. "GSB: 'Hidden Gem' or 'Pump and Dump Penny Stock'" (Specific Case):

    • This thread shows the debate in real-time that occurs around a suspected stock.

    • Proponents ("The Pump"): Argue GSB is a "hidden gem" with fantastic future prospects (e.g., ventures into high-tech fields, great management), urging others to buy before it "rockets."

    • Skeptics ("The Warning"): Point out red flags: consistent poor financial results, frequent changes in business direction, a history of private placements that dilute shareholders, and a share price pattern that looks manipulated. They accuse the promoters of creating a narrative to justify a pump.

    • This thread perfectly illustrates the conflict between hype and fundamentals. It shows how forums can be used to prime an audience with a compelling story, setting the stage for a potential pump.

Overall Discussion & Conclusion

The LCTH data and the forum threads collectively paint a clear picture of a persistent market manipulation tactic:

  • Target: Low-priced, low-liquidity penny stocks.

  • Method: A combination of secretive accumulation and public hype generation via modern communication channels (forums, chat groups).

  • Psychology: It exploits greed, fear of missing out (FOMO), and social proof. Seeing others talk about gains validates the hype and pushes cautious investors to finally participate—almost always at the wrong time.

  • Outcome: A wealth transfer from late-coming retail investors ("dumb money") to the scheming promoters ("smart money").

Final Advice for Investors:

  • Extreme Skepticism: Treat unsolicited penny stock tips, especially those accompanied by hyperbolic language and promises of quick riches, with extreme skepticism.

  • Do Your Own Research (DYOR): Look at years of financial statements, not just the future story. Check for profitability, debt, and cash flow.

  • Volume Analysis is Crucial: Learn to read volume spikes. Ask yourself, "Who is selling into this huge volume, and why?"

  • Understand the Motivation: Forum posters have no fiduciary duty to you. Ask what their motive might be for urging you to buy.

The most important lesson is that in the world of penny stocks, if something seems too good to be true and is being shouted about by strangers online, it almost certainly is a trap. True long-term investment opportunities are rarely discovered through forum hype and do not require a frantic rush to buy.

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Tuesday, 12 August 2014

Bursa Malaysia reprimands, strikes off TA Securities dealer


http://www.thesundaily.my/news/1137953

12 August 2014 

PETALING JAYA: Bursa Malaysia Securities Bhd has publicly reprimanded, imposed a fine of RM360,000 and ordered to strike off Oh Kok Boon, a dealer, for manupulating dealing activities in six counters.
He was found to have made manipulative dealings in Biosis Group Bhd, Metronic Global Bhd, Ariantec Global Bhd, Luster Industries Bhd, Harvest Court Industries Bhd and Naim Indah Corp Bhd.
Oh was a commissioned dealer's representative at TA Securities Holdings Bhd main office at the time of breach.
He was found engaged in numerous manipulative or false dealing activities over a period of time in the accounts of several clients involving clients who were his family members as well.
Oh was said to have bought Harvest Court and Naim Indah shares on or before the due date for settlement by passing on these to other clients via married direct business transactions (DBT), which were executed at prices higher than the prevailing market price.
"These married DBTs were used as a tool/device that provided savings/avoided losses to the selling clients in the down trending market of these securities," Bursa said.
By doing so, Oh and his clients were able to prolong the holding period of the shares and also drive up the stock prices which contributed towards artificial inflated or increased volume for the counters.
Bursa said the on-market trading activities undertaken by Oh over a period of several months in the six counters with the execution of opposing buy or sell orders for a group of his clients resulted in their opposing orders being matched against each other.
These cross trades between Oh's clients at the dictated increased or decreased share prices had impacted or influenced the price movement or trading volume of the six counters, Bursa said.
The manipulative trading activities by Oh had the effect of creating a false or misleading appearance of active trading in the securities of the six counters as the trades were not due to natural market forces of supply and demand.
Bursa said it was not acceptable for Oh as a registered person to merely execute orders as instructed by his clients without making proper assessment of the orders and exercising reasonable due care and diligence in undertaking dealing activities so as to avoid manipulative or false dealing activities.
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Tuesday, 6 December 2011

Our corporate punishments are the laughing stock among foreigners. A man was sentenced to 25 weeks in jail for stealing 80 pairs of women's panties.


Time for harsher penalties

By Zuraimi Abdullah
Published: 2010/06/07


There are many ways to destabilise or mismanage a company, and in Kenmark case, its top executive and directors from Taiwan went AWOL


There are many ways to destabilise or mismanage a company, and along the way, upset and annoy its minority shareholders.

In the case of Kenmark Industrial (M) Co Bhd, its top executive and directors from Taiwan went AWOL. The furniture maker's shares were sold down, losing some RM140 million of market value in a matter of days. The stock did bounce back, but not before a big damage was done and a new, "friendly" major shareholder was installed.

The latest file marked "How to upset your minority shareholders" involves Linear Corp Bhd. Initial company probe showed that one of its directors had used his autocratic rule to hand out RM36 million to a project owner/developer. The amount was an advance for a RM1.66 billion contract Perak Linear had secured from the developer, but appeared not viable.

Kenmark and Linear are among a list of listed companies that have run foul of corporate rules. Kimble Corp Bhd and Tat Sang Bhd are counted in the list, too.


Kimble, another Taiwan-owned furniture maker, breached a listing requirement in 2008 for failing to disclose in its fourth quarter 2007 results that it had made provision for doubtful debts of RM33.7 million.

Its managing director Datuk Yao Bor Bin and former executive director Yao Po Chen were fined by Bursa Malaysia a total of RM75,000 "for being ambiguous and inaccurate in the announcement". The company was delisted in April 2009.

Tat Sang, another furniture maker, shocked investors with its accounting irregularities and the disappearance of key management personnel back in 2002.

Its former managing director Lim Chai Hock was sentenced to five years' jail by the Sessions Court for making false statements to Bursa Malaysia. The sentence was revised by the High Court to a five months' jail and a fine of RM200,000 in default of two months' imprisonment.

Tat Sang was plagued with financial woes just a year after its listing in 2000. It was eventually delisted in 2003.

The point here is that once a corporate manipulator is caught and goes to court, make sure he (interestingly, women is almost or non-existent in the issue) is punished accordingly.

While our local stock market watchdogs, the Securities Commission particularly, may have been swift in their action, the punitive measures appear lenient on corporate manipulators.

Some have said in jest (or are they not kidding?) that our corporate punishments are the laughing stock among foreigners. Swindle loads of money from your company and leave the country, you can then come back and face the low-decibel music.

We may have read that a man was sentenced to 25 weeks in jail for stealing 80 pairs of women's panties. For mismanaging or embezzling millions of ringgit or causing hurt and grievance to many investors, you just get a fine or a brief spell in prison. Some balance in blue and white collar crimes, right? Is there a very fine line in steal, cheat or lie between a corporate man and an ordinary Joe?

In February 2006, it was reported that Fountain View Development Bhd former director Datuk Chin Chan Leong and ex-remisier were found guilty of share manipulation.

Chin was fined RM1.3 million or in default of 13 months' jail as well as sentenced to serve one day in prison for manipulating its share price seven years before.

Hiew Yoke Lan, a former Avenue Securities Sdn Bhd remisier, was fined RM1 million or 10 months default jail sentence for abetting Chin in the offence.

The offence was committed between November 18 2003 and January 20 2004. During this period, Fountain View stock had a low of RM1.99 and a high of RM6.15.

Back in November 2003, at a low of RM1.99, Fountain View carried a market capitalisation of RM885 million. At the peak of the share manipulation of around RM6.15, Fountain View carried a market capitalisation of RM2.73 billion!

If Datuk Seri Idris Jala can overhaul the various subsidies enjoyed by us, how hard can it be to review and slap the harshest possible punishment on corporate manipulators?

Read more: Time for harsher penalties http://www.btimes.com.my/Current_News/BTIMES/articles/zuview6/Article/index_html#ixzz1fhYjGpf6
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Friday, 25 November 2011

Several common manipulative activities of stock market syndicates

Market syndicates have been around for many decades and their stock manipulative activities have been felt in the United States, Singapore, here and every other market around the world. Their objective has always been to push up share prices and then unload the high-priced shares on punters.


There are several common aspects of stock manipulators, brokers said, and these are some of them:


Scenario one: The IPO route

These stock plays are pre-planned even before the shares are listed on Bursa Malaysia. As the major shareholder may be imposed with a moratorium from selling any of their shares, he would park some of his shares under nominees. The shares in the names of nominees would not come under the moratorium.

The major shareholder would then place out a block of the new shares issued under the initial public offering (IPO) to a stock operator. Let's say the operator gets the shares at 50 sen a piece.

On the listing day, the stock operator will whack up the price of the shares to say RM1 and a day or a few days later, start selling the shares. He won't be able to unload all his shares at the top, but could achieve an average price of say, 70 sen.

If the major shareholder and stock operator manage to distribute (the industry term for unload) 30 million shares, they'd get to share a profit of RM6mil.




Scenario two: Sell pricey stocks to fund managers

In this kind of scheme, the syndicate will push up the share price from say, RM1 to RM3. The syndicate will then place out (industry term for selling sizeable blocks of shares) to fund managers. The fund managers would be induced to buy the shares with a commission secretly paid to them by the syndicate. If the commission is say, 20 sen on five million shares, the fund manager gets RM1mil.

Placing out shares to fund managers has the advantage of holding up the share price for a longer period of time. There would be an understanding with the fund manager that he should not immediately sell the shares into the market.

The syndicate would then continue to ramp up the share price. Inevitably, however, the syndicate will sell off his shares and they usually leave in a hurry. The fund incurs a loss but the fund manager has personally profited with the commission.
  



Scenario three: Sell pricey stocks to punters

This is the stock manipulation scheme that punters are familiar with. A syndicate gets a block of shares of say, two million from a major shareholder and churns a daily trading volume of say, five million shares. This is done by buying and selling the same shares over and over again by syndicate members and their nominees.

The churning is done in such a way that the share price goes up every day, irrespective of sentiment on the market.
The trading activity and rising price momentum gets the attention of punters. The more experienced punters usually recognise the share price is being ramped up. Nonetheless, they pile in to make a fast buck, and hopefully get out before the syndicate withdraws support for the share price.

There will be, however, punters who are newer to the game or have more greed and they stay too long in the stock. When the syndicate sells out within a day or two, usually causing the stock to trade limit-down, punters lose their shirt.

The profits of the syndicate are shared with the company's major shareholder. Usually, this involves companies that are loss-making in their business. Ramping becomes the only way the major shareholder can make a profit.


Source:
http://www.investlah.com/forum/index.php/topic,32721.msg646663.html#msg646663
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Sharks, syndicates, big bosses, speculators, liars, cheaters or stock market manipulators.

I believe that most of us have heard of stock market operators. They are known by many different names and they are constantly the blame for our financial losses. In some parts of the world, they are known as sharks, syndicates, big bosses, speculators, liars, cheaters or stock market manipulators. Some of us cheer their existence and their operations while some cursed them as if they are the culprits to our financial ruins. Are they our friends or foes? As the famous saying goes, know thy foes and you will have the upper hand in battle. In this post, I will challenge and dare you to swim with the sharks and eat from the crumbs of their feeds and not to be their feed. Here I would like to bring out some of my personal thoughts on this question that most newbie has.

Ok, here is the short answer. Yes, you are right. They existed and their operations are hidden from most people especially the newbie in these financial markets. I believe if we know them and how they operate, we could actually move along with them. In fact, the whole purpose of technical analysis is to determine the balance of demand and supply and the stock market operators are some of the powerful and rich individuals or groups with much buying and selling power. If we are able to track their movement, we will be able to profit from their operations. However, if we are ignorant of their existence, we could be their next meal.


Basic facts of stock market operators are listed below for your reference.


**They work individually or in a group.
**They rely on the market trends to help them in their mission.
**The general publics are their big customers.
**They together work with the public listed company owners or insiders.
**They have a main mission objective to accomplish.
**The bulk of their operation revolved around the accumulation and the distribution of stocks from / to the general publics.
**They are rich and powerful figures but they are also humans that have emotions like all of us.
**They have extensive credit facilities and lower transaction costs than the retail investors.
**They do make mistakes like any one of us. Their mistake costs millions in dollars.
**Market news, stock market analyst, corporate announcements, word of mouth advertising, price bidding and order queues are some of their tricks and tools that they used to achieve their main objective.
**They don’t try to pick the bottom or the top like most retail investors do. Again, some of them try to do this and it costs them much sorrow and dismay.
**They do attempt to manipulate the chart to trick the chartist whether you like it or not.
**They are both the buyer and seller in the queue order at any given time.
**They are not doing charity work. They existed to make your money.


It is important to understand them well as they are big volume buyers and sellers. They can tilt the balance of demand and supply. Understanding the above traits of stock market operators will help to clear some of the myths that we have of them. Remember, they are humans like us. Some of the above points deserved to be elaborated further to bring out the secrets of trading methodologies that we will employ in our technical analysis.

Primary market trends are very important to their success and failures. If they judge wrongly on this, they could go bust easily as the power of leveraging will work against them. Remember this, they cannot fight against the trends and they don’t have the strength to do so. Don’t ever think that they can swim against the tides.

If their mission objective is to acquire stocks, they might push down the prices to cause temporary market panics to squeeze out the stocks out from the speculators and investors and this is especially true in certain countries where short-selling is not allowed. The success of this technique will depends on what sort of people that are holding the stocks. This will get rid of the intraday and short term traders. However, they will try to maintain the prices around a certain range as to keep the sellers motivated. Usually the public listed company owners and insider will work in tandem to collect the shares from the general public. After they exhausted the fearful speculators and investors, they will then turn their eyes to the stronger speculators and investors by pushing up the prices higher to catch their interests.

If their mission is to distribute stocks, they will push up the stock prices to catch the attention of speculators and investors. They will work with market analyst to create beautiful pictures of the company prospects. They will work with the public listed company owners and insiders to create scarcity of stocks. At this moment of time, they will also announce all the good news while pushing up the stock prices. They will queue up as buyers and sellers in the order queue. They will buy their own stocks to create volume to entice the crowd to follow. As they bid up and down the prices, stocks were distributed without the awareness of the general public.

I believe that this write-up will increase our trading knowledge and make us a wiser trader. I will continue to write of how we can profit from their operation in future posts whenever I managed to get my time organized.

Source:
http://www.investlah.com/forum/index.php/topic,32721.msg646677.html#msg646677
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Sunday, 3 April 2011

Penny Stocks: Pump and Dump (SELL TO SUCKERS)

Penny stocks are those that trade at < RM 1.00.

Some investors confuse these low prices for value.

These stocks are often and easily promoted or manipulated.

Beware of the promoters or manipulators who hype these stocks in the internet forums.

They have often taken a position well before.

The unwary "investors" enter and soon find themselves buying these stocks higher than they can sell.

Here is an example of a stock that was from a forum.

Study the chart of the stock and the table of its prices and volumes.

I believe this chart depicts this penny stocks when it was being "Pumped and Dumped" by its promoters or manipulators. (Period of interest:  September 2010 to December 2010)

There are good lessons one can draw from this event.

Check the observations made below.




LCTH :  Daily Prices and Volumes


Prices (Daily)
DateOpenHighLowCloseVolumeAdj Close*
Jan 19, 20110.280.280.280.28437,8000.28
Jan 18, 20110.290.290.280.28435,0000.28
Jan 17, 20110.280.290.280.28469,4000.28
Jan 14, 20110.290.290.280.29479,0000.29
Jan 13, 20110.290.290.280.29993,4000.29
Jan 12, 20110.290.290.280.29744,0000.29
Jan 11, 20110.290.290.280.29409,0000.29
Jan 10, 20110.290.300.280.30833,6000.30
Jan 7, 20110.300.300.280.29678,3000.29
Jan 6, 20110.280.300.280.301,728,8000.30
Jan 5, 20110.270.280.270.28583,6000.28
Jan 4, 20110.260.280.260.28487,3000.28
Jan 3, 20110.260.260.250.26492,1000.26
Dec 30, 20100.260.260.250.26217,0000.26
Dec 29, 20100.260.260.250.2693,0000.26
Dec 28, 20100.270.270.260.2686,0000.26
Dec 27, 20100.250.280.250.271,468,0000.27
Dec 24, 20100.250.250.250.25166,2000.25
Dec 23, 20100.250.260.250.26203,8000.26
Dec 22, 20100.250.260.250.26648,7000.26
Dec 21, 20100.250.260.250.25822,0000.25
Dec 20, 20100.260.260.250.25598,4000.25
Dec 17, 20100.260.260.260.26400,6000.26
Dec 16, 20100.260.260.260.2657,4000.26
Dec 15, 20100.260.270.260.27169,6000.27
Dec 14, 20100.260.260.260.26456,4000.26
Dec 13, 20100.260.260.250.26649,5000.26
Dec 10, 20100.260.260.250.25732,2000.25
Dec 9, 20100.260.260.250.26303,9000.26
Dec 8, 20100.260.260.250.26304,6000.26
Dec 6, 20100.260.270.250.26625,5000.26
Dec 3, 20100.270.270.260.26628,6000.26
Dec 2, 20100.270.280.270.27283,4000.27
Dec 1, 20100.260.270.260.2693,5000.26
Nov 30, 20100.280.280.260.27875,2000.27
Nov 29, 20100.280.280.270.28579,1000.28
Nov 26, 20100.280.280.280.28378,8000.28
Nov 25, 20100.280.280.280.28720,8000.28
Nov 24, 20100.280.280.280.28305,9000.28
Nov 23, 20100.290.290.270.28928,3000.28
Nov 22, 20100.290.290.280.281,057,8000.28
Nov 19, 20100.290.290.290.29504,2000.29
Nov 18, 20100.290.300.290.29552,1000.29
Nov 16, 20100.310.310.300.31811,0000.31
Nov 15, 20100.340.340.290.313,137,5000.31
Nov 12, 20100.380.400.370.372,716,8000.37
Nov 11, 20100.370.380.350.383,223,3000.38
Nov 10, 20100.380.380.360.37789,5000.37
Nov 9, 20100.400.400.360.381,299,1000.38
Nov 8, 20100.390.400.380.384,302,6000.38
Nov 4, 20100.320.410.320.3811,517,5000.38
Nov 3, 20100.310.320.310.32466,0000.32
Nov 2, 20100.320.320.310.31419,0000.31
Nov 1, 20100.320.330.320.331,067,6000.33
Oct 29, 20100.300.320.300.311,036,8000.31
Oct 28, 20100.300.310.290.31127,0000.31
Oct 27, 20100.290.310.290.31572,6000.31
Oct 26, 20100.280.290.280.29309,0000.29
Oct 25, 20100.280.280.280.28204,3000.28
Oct 22, 20100.280.280.280.28130,0000.28
Oct 21, 20100.280.280.270.28156,1000.28
Oct 20, 20100.270.280.270.28254,0000.28
Oct 19, 20100.280.280.280.2840,0000.28
Oct 18, 20100.280.280.280.2812,0000.28
Oct 15, 20100.270.280.270.2700.27
Oct 14, 20100.280.280.280.2870,0000.28

Observations:

After a long period of promotion, many investors were made aware of the stock in the internet forum.  

Subconsciously, the stock entered their attention and was in their radar screen.  

Many hesitated and did not enter in the early stages of the promotion due to doubts and cautiousness.

Then, when the volume started to climb and the prices started to move upwards, these previously primed "investors" took notice.  

The more adventurous entered first and early at this stage.

As the price rose, more entered.  This was the confirmation that many of these "primed investors" were waiting and looking for.  "It must be true, the game is now on, I am getting in too."  

But note, they were buying at higher prices.  Some even bought more at higher prices (averaging up).   Did you notice that they were already paying a higher price than the "usual"?

Then more of the "dumb money" flowed in.  Look at the huge volume of stocks transacted on 4.11.2010.  This counter was the talk of the market now.  Ever wondered WHO SOLD on that day?  Of course, the manipulators and the smart money.

The party was as good as over by now.  However, more SUCKERS came in over the next few trading days.  With ALL SUCKERS in the stock now, and the smart money having moved out, there were no more SUCKERS to support the price.  

ALL the SUCKERS now holding the stocks were hoping to sell to ANOTHER SUCKER who was willing to buy from them at higher prices.  

Alas, NO new SUCKERS appeared.  This led to the precipitous fall in the price from the 6th trading day after the peak of the volumes and the price of the stock.

It was then a matter of awakening for those left holding the stock at high prices.  Over the subsequent weeks and months, they too realised they were SUCKED, holding or departing from the shares with their losses.


Prices (Daily)
DateOpenHighLowCloseVolumeAdj Close*
Oct 13, 20100.280.280.280.2880,6000.28
Oct 12, 20100.280.280.280.28135,0000.28
Oct 11, 20100.280.280.280.28120,0000.28
Oct 8, 20100.280.280.280.2800.28
Oct 7, 20100.280.280.280.2820,6000.28
Oct 6, 20100.280.280.280.2842,0000.28
Oct 5, 20100.280.280.280.2813,0000.28
Oct 4, 20100.280.280.270.27220,0000.27
Oct 1, 20100.270.280.270.2891,9000.28
Sep 30, 20100.270.270.270.2772,6000.27
Sep 29, 20100.280.280.270.2728,4000.27
Sep 28, 20100.280.280.280.28190,0000.28
Sep 27, 20100.280.280.280.283,0000.28
Sep 24, 20100.270.270.270.271,8000.27
Sep 23, 20100.280.280.280.2860,0000.28
Sep 22, 20100.280.280.280.28172,0000.28
Sep 21, 20100.280.280.280.285,0000.28
Sep 20, 20100.280.280.280.2800.28
Sep 17, 20100.280.280.280.286,0000.28
Sep 15, 20100.280.280.280.2810,0000.28
Sep 14, 20100.280.280.260.2671,6000.26
Sep 13, 20100.270.280.270.2700.27
Sep 9, 20100.280.280.280.2810,0000.28
Sep 8, 20100.270.270.270.2710,6000.27
Sep 7, 20100.280.280.270.2736,0000.27
Sep 6, 20100.270.290.270.2700.27
Sep 3, 20100.280.280.280.2825,6000.28
Sep 2, 20100.270.280.260.2876,2000.28
Sep 1, 20100.280.280.280.2800.28
Aug 30, 20100.280.280.280.2843,0000.28
Aug 27, 20100.280.280.280.2820,0000.28
Aug 26, 20100.280.280.280.2870,0000.28
Aug 25, 20100.280.280.280.28186,0000.28
Aug 24, 20100.290.290.280.2840,0000.28
Aug 23, 20100.280.280.280.2820,6000.28
Aug 20, 20100.280.280.280.28200,0000.28
Aug 19, 20100.290.290.290.2900.29
Aug 18, 20100.290.290.280.29163,7000.29
Aug 17, 20100.280.290.280.29241,5000.29
Aug 16, 20100.280.290.280.28341,8000.28
Aug 13, 20100.280.290.280.29214,0000.29
Aug 12, 20100.290.290.290.2900.29
Aug 11, 20100.290.290.290.2900.29
Aug 10, 20100.290.290.290.2937,5000.29
Aug 9, 20100.310.310.290.2919,0000.29
Aug 6, 20100.290.310.290.2900.29
Prices (Daily)
DateOpenHighLowCloseVolumeAdj Close*
Aug 3, 20100.300.300.300.3030,0000.30
Aug 2, 20100.280.300.280.3018,6000.30
Jul 30, 20100.300.300.290.30202,0000.30
Jul 29, 20100.310.310.300.30238,8000.30
Jul 28, 20100.290.300.290.2953,0000.29
Jul 27, 20100.290.290.290.2995,0000.29
Jul 26, 20100.290.290.290.2994,9000.29
Jul 23, 20100.300.310.290.29306,0000.29
Jul 22, 20100.300.310.290.2940,5000.29
Jul 21, 20100.290.310.290.30273,6000.30
Jul 20, 20100.290.310.290.29185,2000.29
Jul 19, 20100.300.300.290.3018,0000.30
Jul 16, 20100.290.310.290.2900.29
Jul 15, 20100.310.310.290.31159,6000.31
Jul 14, 20100.290.310.290.3115,0000.31
Jul 13, 20100.280.290.280.291,8000.29
Jul 12, 20100.290.290.280.2828,9000.28
Jul 9, 20100.290.300.290.3050,0000.30
Jul 8, 20100.290.290.290.2925,0000.29
Jul 7, 20100.290.300.290.2937,0000.29
Jul 6, 20100.280.280.280.2810,0000.28
Jul 5, 20100.280.300.280.2800.28
Jul 2, 20100.290.290.290.2920,0000.29
Jul 1, 20100.290.290.290.2910,0000.29
Jun 30, 20100.290.290.290.2926,0000.29
Jun 29, 20100.290.290.280.28100,5000.28
Jun 28, 20100.310.310.290.3075,0000.30
Jun 25, 20100.290.310.290.2900.29
Jun 24, 20100.300.300.300.3010,0000.30
Jun 23, 20100.300.320.300.31680,7000.31
Jun 22, 20100.290.300.290.2900.29
Jun 21, 20100.290.300.290.29121,2000.29
Jun 18, 20100.290.290.290.2920,0000.29
Jun 17, 20100.300.300.300.301,0000.30
Jun 16, 20100.290.290.290.2985,0000.29
Jun 15, 20100.280.290.280.2920,0000.29
Jun 14, 20100.280.300.280.2800.28
Jun 11, 20100.280.300.280.2800.28
Jun 10, 20100.290.290.290.2940,0000.29
Jun 9, 20100.290.300.290.3046,0000.30
Jun 8, 20100.280.280.280.2822,7000.28
Jun 7, 20100.280.280.280.287,0000.28
Jun 4, 20100.280.280.280.286000.28
Jun 3, 20100.280.310.280.2989,8000.29
Jun 2, 20100.280.290.280.2800.28
Jun 1, 20100.290.290.280.29282,6000.29
May 31, 20100.290.290.290.2912,0000.29
May 27, 20100.280.290.280.29216,2000.29
May 26, 20100.280.280.280.28168,0000.28
May 25, 20100.290.290.270.28378,8000.28
May 24, 20100.290.290.280.2985,0000.29
May 21, 20100.280.290.270.29162,5000.29
May 20, 20100.290.290.280.29121,8000.29
May 19, 20100.300.300.300.30305,0000.30
May 18, 20100.310.310.300.30173,0000.30
May 17, 20100.310.310.310.3144,6000.31
May 14, 20100.310.310.310.3177,0000.31
May 13, 20100.320.340.300.31730,1000.31
May 12, 20100.310.320.310.31866,7000.31
May 11, 20100.330.330.330.3330,0000.33
May 10, 20100.330.330.320.33144,7000.33
May 7, 20100.320.340.320.32253,6000.32
May 6, 20100.340.340.330.34272,3000.34
May 5, 20100.340.340.340.3415,0000.34
May 5, 20100.0178 Dividend
May 4, 20100.360.360.350.36206,1000.34
May 3, 20100.360.360.360.3630,0000.34

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