Ghosting

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Ghosting

The illegal practice that one firm drives a stock's price higher or lower, while other conspiring firms follow its lead to influence up the price of the stock.

Ghosting

An illegal practice in which two or more market makers collude in order to artificially inflate or deflate the price of a stock, hoping to profit on the uptick or downturn. One firm will buy or sell large amounts of a certain stock and the second firm does the same, causing a buy or sell frenzy. The supposed competitors then have the opportunity to profit as the market is unaware of their collusion. See also: Insider trading, antitrust.

ghosting

Illegal collusion among market makers to manipulate the market price of a stock.
References in classic literature ?
Ma Jammes gave her opinion, while she emptied a glass of liqueur that happened to be standing on a table; the ghost must have something to do with it.
You meet so many men in dress-clothes at the Opera who are not ghosts. But this dress-suit had a peculiarity of its own.
"As a 'ghaist' should be--where a 'ghaist' ought to be--why, you little fool, you talk as if the manners and customs of ghosts had been familiar to you from your infancy!
The Ghost was being wrenched and torn to fragments.
It seemed incredible that the next surge should not crush the Ghost down upon the tiny eggshell.
"Then I tried to find some way of embracing my poor mother's ghost. Thrice I sprang towards her and tried to clasp her in my arms, but each time she flitted from my embrace as it were a dream or phantom, and being touched to the quick I said to her,
"When Proserpine had dismissed the female ghosts in all directions, the ghost of Agamemnon son of Atreus came sadly up to me, surrounded by those who had perished with him in the house of Aegisthus.
`Or would you know,' pursued the Ghost, `the weight and length of the strong coil you bear yourself?
Pondering on what the Ghost had said, he did so now, but without lifting up his eyes, or getting off his knees.
"The regular Railway-Ghosts--I mean the Ghosts of ordinary Railway-literature--are very poor affairs.
"It's far more exciting than some of the modern ghosts, I assure you!
There is a cliff rising from the plain, up which I must climb; there is the forest where dwell the Amatongo, the people of the ghosts; there, on the hither side of the forest, runs the path to the cave, and here is the cave itself.