{"id":152,"date":"2006-09-04T21:11:08","date_gmt":"2006-09-05T05:11:08","guid":{"rendered":"https:\/\/bayesianinvestor.com\/blog\/index.php\/2006\/09\/04\/a-stock-with-a-strange-price-history\/"},"modified":"2015-10-08T20:42:03","modified_gmt":"2015-10-09T04:42:03","slug":"a-stock-with-a-strange-price-history","status":"publish","type":"post","link":"https:\/\/bayesianinvestor.com\/blog\/index.php\/2006\/09\/04\/a-stock-with-a-strange-price-history\/","title":{"rendered":"A Stock with a Strange Price History"},"content":{"rendered":"<p>While browsing through charts of various stocks, I came across a company (Manchester Inc., symbol MNCS) with a <a href=\"http:\/\/finance.yahoo.com\/q\/bc?s=MNCS.OB\">chart<\/a> that&#8217;s unusual enough that I had to check around to reassure myself that my primary source for stock market prices wasn&#8217;t playing tricks on me.<br \/>\nIt has a history of unusually steady increases with few signs of the randomness that I normally see in stock prices. If you had bought at the closing price any day this year and held for ten trading days, it would have closed higher than your purchase price (your average gain would have been over 3 percent), and it was almost as predictable the prior year.<br \/>\nA paragraph in the middle of <a href=\"http:\/\/www.forbes.com\/free_forbes\/2006\/0904\/038.html?partner=yahoomag\">this Forbes story<\/a> explains why its market value looks strange.<br \/>\nThe only guess I have as to what might cause this is an unusual form of manipulation where the manipulators produce this phenomenon until traders who buy purely on price trends provide enough liquidity for the manipulators to cash out. But even that is pretty implausible &#8211; if that&#8217;s what&#8217;s happening, why wouldn&#8217;t they create a bit more day to day randomness to disguise it a bit? And how could they afford to risk as large an investment as I suspect that would take on an approach which seems different enough from anything tried before that it ought to be hard to predict whether it will work?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While browsing through charts of various stocks, I came across a company (Manchester Inc., symbol MNCS) with a chart that&#8217;s unusual enough that I had to check around to reassure myself that my primary source for stock market prices wasn&#8217;t playing tricks on me. It has a history of unusually steady increases with few signs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[18],"tags":[],"class_list":["post-152","post","type-post","status-publish","format-standard","hentry","category-investing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p80O1l-2s","_links":{"self":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":1,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":480,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/152\/revisions\/480"}],"wp:attachment":[{"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bayesianinvestor.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}