- Feb 6, 2010
- Avatar Name
- Enviro Larry Lagoono
I agree with both viewpoints as I think both are correct. However, there are some nuances that need to be considered.
I think however the observation of people buying shares at the higher prices is probably an attempt at market manipulation, as the volume is extremely low and the volume doesn't increase when the share value drops (which you would expect if there was legitimate demand).
I also think another big part of the problem is the horrific design of the Share Exchange system. Where is the ability to place and see buy orders? Why is a fee charged just to 'list' shares for sale for a set time rather than just commission on sale like every other exchange does? Why is there an expiry on listings at all?
Exchanges are supposed to facilitate trade, but MindArk seem to have found a way to make one that actually hinders it. Anyone who looks can see it in the trading volume data - they have killed the market.