Junior Market needs better regulationWhat a messed up junior market. Regardless of the sector nothing positive is moving stocks up and anything negative gets an overreaction. This only occurs when predatory short selling is allowed to exist on these exchanges. Over a decade ago before they removed the uptick rule I don't recall stocks acting this way on these exchanges. Add in the high frequency trading bots and the market is very difficult to maneuver.
TRIP gets good news and it sells off. News that has no effect on MDMA in the short term and is actually good news for MDMA in the long term causes a gap down sell off. Gold juniors hit all time lows while gold moves up to all time highs. Gold flies up to over $2400 US/ounce and many gold juniors actually went down. Then gold drops and gold juniors go down even more without getting a price action boost when gold went up.
Clearly there are some real issues in the market when it is being so obviously manipulated and the regulators are doing nothing to set things right. Their complacency is criminal. These unscrupulous actions by the institutions and hedge funds have been highly injurous to so many junior companies over the years. It has caused many good junior companies to go broke and be delisted. Companies can't get decent share prices to raise money without over dilution of stock shares and that's because the very institutions that would be participating are the same ones holding the share price down. The loss of these companies means a loss of new innovation and products, a loss of employee jobs, a loss of retail investor money, and loss of taxes for the government from the company, their employees and the retail investors. If the government wants/needs more money to spend then fix the markets, it will give them a solid tax base.
Not that the Canadian government under the current administration needs more money to spend, they need to learn to stop losing the money that they have already been given by the tax payers. It's amazing, during covid, it is my understanding, that the Trudeau government made changes for people to apply for unemployment cheques faster and easier by removing basic safety checks. According to a friend who does fraud investigation at the federal level, criminals removed over $60 billion from the Canadian Government. Absolutely sickening and shocking! And as he mentioned we have heard nothing about this in the media. I have no way to confirm what he told me, but I have no reason to not to believe the information as his job is fraud investigating at the federal level. It seems corruption and manipulation is everywhere and Canada has been a target for everything under this current government. Also look at the extremely high auto thefts occuring in Canada. Consequences are minor for criminals and the government is dragging their feet on making changes when recommendations were made many months ago. Canada has become a haven for criminality and this needs to change, by starting with a change in the government. Okay that's my rant for the week.