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Plenty of capital
2 Stock Promoters working full time to to spread rumors on the internet
5 Brokers who will conspire to manipulate the price in real-time
1 - Stock promoters or other individuals will coordinate the release of negative commentary on the web (most often message boards and research reports) on Stock XYZ.
2 - Multiple stock brokers will stack very large (and fictitious) sell orders just inside the low offer (ASK) and will give off the perception that they’re aggressively competing with one another to be the first in line behind the low offer.
3 - One of these ‘competing’ brokers (inside low offer) will flash an enormously large sell order that’s below the low offer and will sell as much stock as the market will take at that price.
4 - Seconds later, another ‘competing’ broker submits a larger sell order at a lower price.
5 - Again a third ‘competing’ broker will quickly do the same followed by the 4th 5th etc.
6 - With several enormous sell orders hitting the tape within seconds of each other, most (if not all) of the bidders will reduce their price and run for cover.
7 - The ‘competing’ brokers will all hit every bid no matter how low it is. The race is on!
8 - This activity continues until almost every stop loss is out and the stock drops like a rock.
9 - As the stock takes out stop orders the brokers slowly begin to cover (and at this point are often trading back and forth amongst one another).
10 - Once the stock falls to a desired level the brokers become overall net buyers although they continue to hit any bids belonging to brokers outside of their circle to give the impression that the selling isn’t finished.
URGENT ALERT BEAR RAID @ 12 30 pm central Today 28-Apr-09 11:01 am Expect Massive BEAR RAID this afternoon @ 12 30 pm central last trade 24 suggest you sell short into strength MASSIVE BEAR RAID coming.. TODAY
Re: URGENT ALERT BEAR RAID @ 12 30 pm central Today 28-Apr-09 11:07 am Suggest you SELL SHORT last trade 24.09 continue to sell short on any additional strength ahead of 12 20 pm presentation by 12 30 pm today you will witness a MASSIVE BEAR RAID DNDN
Remember, this stock jumped from 8-22 or something..
I can tell you with great confidence that the DNDN crash last Tuesday was not caused by a “broker error” like everyone and their brother seems to be speculating this week. Nor was it due to a huge pile of stop losses being taken out all at once. It was actually a well-orchestrated play by a combination of hedge funds, high net worth investors, stock brokers and promoters.
Before I get to what really happened with DNDN and the stock halt, let’s review the actual events affecting Denedron (DNDN) today:
The SEC Halted DNDN securities trading at 1:27pm on April 28, 2009. Just minutes prior, the stock had fallen suddenly from a price of $24.60/share to under $8/share in barely a minute. There were over 4,000 trades placed during in the blink of an eye totaling about 3 million shares (about 50% of the average daily volume).
This all took place on the same afternoon that DNDN was scheduled to release trial data of their blockbuster drug, Provenge.
Plenty of observers believe that this suffering would be worthwhile, of course, if a stronger company emerged from bankruptcy.
As airlines and steelmakers have done, GM could use Chapter 11 to rewrite union contracts, potentially enabling it to slash retiree benefits and close plants without having to pay furloughed workers. The auto maker could even dump tarnished brands and get bankruptcy court protection from dealer lawsuits. "Bankruptcy could do great things for GM"