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JNR Resources Inc JNRRF



GREY:JNRRF - Post by User

Bullboard Posts
Post by rktennon Feb 08, 2005 4:46pm
224 Views
Post# 8557031

Manipulation. With due respect to

Manipulation. With due respect to stOckpicker who has been very kind to me answering any questions that I have asked, and to anyone else on the board who is in to charting in a big way, I find it very hard to except technical analysis on a stock by stock level when there is so much manipulation from the big houses. I believe on a major level, like the S&P 500 or the TSX 100, technical analysis can work very well especially with someone like stOckpicker with his expert knowledge. However when it comes to the stocks themselves and what I have witnessed with my own eyes, makes me believe how can anyone get a true picture of charting, and what is happening when stocks are being manipulated? And it doesn't happen with just small cap stocks like JNN when someone puts up 50,000 or 60,000 shares of stock at some level like 1.31 or 1.33 like today. It even happens with stocks like CCO with its 7 Billion dollar market cap. I have level 2 with TD Waterhouse, and today with support broken for CCO this morning at the 48.00 level, stock appeared all day at that level and I mean 20,000 shares or more which is not small change for CCO, at that same 48 Dollar level to make sure the stock would not go through it. Then at about 3:58 in the afternoon 2 minutes before the close, and CCO moving up towards 48 again, someone or group put up 60,000 shares at the 47.80 level to block any futher advance. At the close 25,000 were bought but 35,000 remained. Again I will say, how can anyone get a true idea of the stock charts of JNN, and CCO today when some Houses with deep pockets can and will distort the picture by stopping a stock big or small from trading at its true value? This I believe is only a short turn occurance and in a few days things will return to normal.
Bullboard Posts