Aug. 18 at 2:46 PM
$FSLY
What likely happened this morning? Happens much more often than most investors realize..
1. Trader A and Trader B intend to establish short positions.
2. They coordinate purchases of the stock, creating artificial buying pressure.
3. The price rises
4. Other investors see the rising price and buy in, adding demand.
5. The conspirators then sell/short into that elevated price.
6. The buying support disappears.
7. The stock falls back to or below opening prices.
8. The conspirators profit from the decline.
