painting the tape

 Illegal stock market tactic where a large order is divided into many small orders to give the appearance of interest on the part of many investors.
 ► “The action on the floor was dominated by pools, which would rig the market and paint the tape with phony trades. The public would see a stock moving and figure that something must be going on. The suckers would all rush in, . . . and then the pool operators would sell at a profit.” (Wall Street Journal, May 28, 1996, p. R18)

American business jargon. 2014.

Look at other dictionaries:

  • 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

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