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Driving share price up with a single buy

EdenCyrus · 2012-03-12 21:38:53

Hey Have a question! If you say you bought a lot of shares in a company(in large volume), and say if it was a huge amount, you bring share price up. Is it legal or possible to sell all your shares right after you bought them. At the higher price and make a profit from it. If you can i could imagine it would be illegal. Ive…

12-03-2012 9:38pm

#1

EdenCyrus

Registered Users, Registered Users 2 Posts: 41 ✭

Join Date: March 2011

Posts: 23

Hey

Have a question! If you say you bought a lot of shares in a company(in large volume), and say if it was a huge amount, you bring share price up. Is it legal or possible to sell all your shares right after you bought them. At the higher price and make a profit from it. If you can i could imagine it would be illegal.

Ive been thinking about it for weeks now and I cant find anything to support it.

Thanks

0

Comments

#2 12-03-2012 9:52pm

SBWife

Registered Users, Registered Users 2 Posts: 1,287 ✭✭✭

Join Date: February 2011

Posts: 1244

If a share is so illiquid that a purchase drives up the price, chances are your selling would drive the price right back down again.

0