So, some unlucky soul stuck in Ling Electronics could neither pull up nor get out, watching helplessly as the market value kept dropping, dragging their ranking to the very bottom...
TSK TSK, what a tragedy...
In any case, it's beyond doubt that the old-style stock manipulators have vanished.
Some people think that the recent trend of publicly offered funds sticking together is also manipulation. However, the problem is, these funds generally aim for long-term holdings and are not allowed to trade frequently or violently shake up the market. Instead, they are more prone to stampeding over each other during a market crash.
If a few publicly offered funds clustering to buy a stock is considered manipulation, then what's the point of such manipulators?
All individual stocks have publicly offered funds involved. But due to regulatory policies, the funds can't do much. After establishing their positions, they can only wait passively, lying flat if the market is bad.
