Some entities must be so so so very desperate to see the PSEi back to 7,000 soon.
Why? Perhaps because they know that current levels are unsustainable. So they likely need fire up the public's imagination to draw in more greater fools, not only to project G-R-O-W-T-H (especially with elections a few months away), but likewise to be able to unload on their high priced inventories.
While the entire session has almost been down, Team Viagra had to ensure that today’s must close on the green.
So Team Viagra engineered a concerted pump on a few heavyweights for this happen.
The PSEi was down during pre-market interventions period by about 33.66 points .48%. Then the Viagra magic. Via marking the close, the index ended suddenly up by 22.82 (.33%) on a low volume day!
So not only did Team Viagra’s coordinated pump buoyed the index by an astounding .82%, ONE HUNDRED PERCENT of today’s gains came from manipulations!!!
The biggest last minute pump came from the holding sector which soared by 1.4%. The holding sector was today's biggest gainer outside the mines.
Three issues were the subject of the concentration of the pumping activities. In particular, SM investments, the largest listed company that posted ZERO growth in 2015 led the marking the close pump by an astounding 3.87%!
SM was followed by JGS 1.4% and property firm ALI .9%. Although the latter closed down by 1.46% for the day
This certainly has not been about the PSEi’s latest trading platform: Nasdaq’s X-stream.
If I am not mistaken, Malaysia and Saudi Arabia’s bourses run under the same Nasdaq XTS trading system. Unfortunately, there has been any single account of Viagra moves or activities.
And even more, today's activities was a follow up from yesterday where Team Viagra managed to reduce to the session losses to a minimal.
As you would notice, corrections have become a taboo. For the frantic Team Viagra, Philippine markets can only go up!
Yet such signify as exactly one of the principal reasons why crashes occur.
Yes the session end Viagra syndrome can be seen "ONLY in the Philippines"! And that's the secret to the Best Stock Exchange in ASEAN.
And this is why with Team Viagra, it's definitely more fun in the Philippines!
Note: figures/images from colfinancial.com, Bloomberg, PSE and technistock.net.
And as previously indicated: My purpose for such postings have been to document irregularities for posterity, which may serve as lesson to future generation practitioners: There is no such thing as a free lunch; perversion of the marketplace will have incite a blowback or will backfire.
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