painting the tape

painting the tape
Fin
an illegal practice in which traders break large orders into smaller units in order to give the illusion of heavy buying activity. This encourages investors to buy, and the traders then sell as the price of the stock goes up. (slang)

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  • Painting The Tape — An illegal action by a group of market manipulators buying and/or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, lures in unsuspecting investors as they perceive an unusual… …   Investment dictionary

  • painting the tape — Illegal practice by traders who manipulate the market by buying and selling a security to create the illusion of high trading activity and to attract other traders who may push up the price. Bloomberg Financial Dictionary …   Financial and business terms

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