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I see what you are saying, but don't you agree: hadn't not demand got burned out quickly and drew the price down, they wouldn't have had to put a large buy orde
by joering2 14y ago
I see what you are saying, but don't you agree: hadn't not demand got burned out quickly and drew the price down, they wouldn't have had to put a large buy order at $38.
I mean, do you really believe they were offering $300MM of stock ready to sell on an "open action". They would all shit their pants if someone would have actually execute that.
No, what they did was not illegal, But yes, what they did was unethical and anyone knowing anything about trading will take it as a negative sign in terms of this stock's performance.