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by ig1 5539 days ago
Offering to sell stocks at a below-market price without an intention to complete the deal is market manipulation and illegal in most countries.
1 comments

Er...why was this downvoted ?

I'm not a lawyer, but I've worked in the financial sector and undergone FSA mandated training courses on what you can and can't legally do with equity pricing. What the OP was suggesting is an illegal practice in most equity markets.

The reason it's "liar's poker," not "outright fraud," is that if someone calls your bluff, you lose that hand. The successful traders were just good or lucky enough to be able to bluff the entire market.
How do you know it's downvoted? I sort of miss the karma number next to each post :(
You can see your own Karma
Oh... That was really stupid of me! I didn't notice the responder (you) was the same person!

Thanks.