OTCQX:GTBAF - Post by User
Comment by
eatmorefiber2on Jul 21, 2020 4:52pm
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Post# 31298587
RE:Weird trading today
RE:Weird trading todayrichardlouden07 wrote: Today, a low of 17.41, a high of 18.74 with 17 minutes left at time of this post. Are drugs and/or alcohol a factor?
Is it efforts to manipulate?
Going to put my tinfoil hat on and say that they were matched trades, which is illegal in the US, but I have no idea how the regulatory framework works in Canada/Ventures.
Here's an example:
https://www.sec.gov/news/press-release/2019-101
Create the illusion of volume, depress the price of the stock, and hope it starts a stampede. As I watch the trades go across for GBR, i notice this happens during times of low liquidity. Then volume comes in to dump to hit stops. If I were a legitimate short or a long seller, I would want to maximize profits, and the only way to do that would be when the price is moving up, not when there is little to no liquidity. The bounce back at the close was a big tell to me these were matched trades.