The Motley Fool Discussion Boards

Previous Page

International Investing / Australia (All-Ordinaries)


Subject:  Re: Stock Manipulation Date:  3/3/2000  4:17 AM
Author:  demiller1 Number:  1197 of 6186

I tend to agree, that sort of manipulation goes on a lot in the States. Remember that you can work out in Oz whether a stock is being manipulated by the volume prior to any major share spike. If high volume do not touch. Means that someone has got themselves and their mates into the fray before the word was leaked that 'so&so' has a major announcement.

Remember that the rule is 'buy on rumour and sell on fact'.

A good one to look at is Cash Converters -- the players were set before the word was passed and the colt bolted. Only thing is that someone got caught with their pants down as Rodney Adler coming into the picture made the shares drop quite dramatically!
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us