Corus Entertainment Inc. T.CJR.B

All it takes is 1 share and 1 cent continued

[BalanceVsBias]

 

If you keep watching the order book daily you will see first hand how some can manipulate the stock price one share at a time and ”own the stock” by keeping it in a tight range as desired. Short sellers can shave millions of dollars off of the market capitalization of the whole company by selling as low as one single share for 1 cent off the last price. Yes you heard that right shaving 1 cent by selling 1 share at a discount allows you to magically change the valuation of the whole company by 2 million dollars for every cent. Talk about high impact manipulation.

Recent Trades - Last 10 of 1768

More trades...

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
15:35:45	M	1.11	-0.04	1	80 National Bank	80 National Bank
15:34:47	M	1.105	-0.045	200	7 TD Sec	1 Anonymous
15:34:47	D	1.105	-0.045	100	7 TD Sec	1 Anonymous	K
15:33:21	M	1.11	-0.04	1	80 National Bank	80 National Bank
15:32:39	T	1.10	-0.05	100	53 Morgan Stanley	53 Morgan Stanley	K
15:31:09	T	1.10	-0.05	100	53 Morgan Stanley	53 Morgan Stanley	K
15:30:53	T	1.10	-0.05	100	53 Morgan Stanley	53 Morgan Stanley	K
15:30:39	P	1.11	-0.04	100	85 Scotia	7 TD Sec	K
15:30:39	X	1.11	-0.04	300	1 Anonymous	79 CIBC	K
15:30:39	X	1.11	-0.04	100	1 Anonymous	13 Instinet	K

 

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
11:19:15	O	1.13	-0.06	100	2 RBC	1 Anonymous	K
11:18:51	O	1.13	-0.06	100	2 RBC	1 Anonymous	K
11:18:06	O	1.13	-0.06	100	2 RBC	1 Anonymous	K
11:17:01	O	1.13	-0.06	100	2 RBC	1 Anonymous	K
11:17:01	T	1.13	-0.06	100	7 TD Sec	53 Morgan Stanley	K
11:16:30	T	1.13	-0.06	700	7 TD Sec	53 Morgan Stanley	K
11:16:30	T	1.13	-0.06	7	7 TD Sec	53 Morgan Stanley
11:16:06	T	1.13	-0.06	100	7 TD Sec	53 Morgan Stanley	K
11:16:04	M	1.14	-0.05	6	80 National Bank	80 National Bank
11:15:32	M	1.14	-0.05	5	14 Virtu ITG	14 Virtu ITG

Short sellers trying to trigger stop loss orders.

Recent Trades - Last 10 of 39

More trades...

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
09:40:36	D	1.255	-0.015	1,500	39 Merrill Lynch	1 Anonymous	K
09:40:35	D	1.26	-0.01	1	14 Virtu ITG	14 Virtu ITG	E
09:40:35	D	1.26	-0.01	2	14 Virtu ITG	14 Virtu ITG	E
09:40:35	D	1.26	-0.01	85	14 Virtu ITG	14 Virtu ITG	E
09:40:35	D	1.26	-0.01	2	14 Virtu ITG	14 Virtu ITG	E
09:40:35	D	1.26	-0.01	7	80 National Bank	80 National Bank	E
09:40:35	D	1.26	-0.01	3	80 National Bank	80 National Bank	E
09:40:35	D	1.26	-0.01	1	80 National Bank	80 National Bank	E
09:40:35	X	1.26	-0.01	2,000	79 CIBC	1 Anonymous	K
09:36:41	U	1.26	-0.01	100	2 RBC	2 RBC	K

 

By controlling two levers : supply and demand, short sellers might be able to force the stock within a desired price range while they cover.

 

Increasing supply:

1- by using short ladder down, stop loss hunting, wash/jitney trade… and

2- by scaring existing shareholders to push them to sell.

3- by hiring paid bashers and flooding the supply side with shares sold short

 

Decreasing demand:

by scaring potential buyers and dissuading them from buying the stock to crush demand (repeated posts telling people the price will keep going down and giving mental references like 99, 50 cents,zero…)

 

The combined effect of this engineered pricing through increased supply and decreased demand causes a self-fulfilling prophecy of depressed pricing The economic uncertainty surrounding recession fears helps the short sellers create an atmosphere of volatility and urgency that they use to their advantage by enticing people to sell asap hoping they can force existing shareholders to capitulate and dissuading potential buyers from getting involved.

For this scheme to work short sellers must convince as many as possible to surrender without putting up a fight confusing correlation and causation while pushing different cards to convince and channel different crowds to give up their shares.

Let’s get real a moment why would so many people invest so much ATM(Attention, Time and Money) to convince you to sell while hypocritically claiming they only do it to help you out? Because they see you as their cash ATM.

99% of Canadians do not know this and that is why some rogue American funds are abusing Canadians. This stock is traded in eleven different exchanges and short sellers are abusing the situation to muddy the waters and hide behind all the exchanges and between borders.

The stock is traded in ELEVEN different exchanges :

TSX_OMEGA_PURE_Chi-X_CX2_CXD_TriAct_Lynx & over the counter in the US as CJREF

There are about 8 million shares sold short on the TSX, about 2 million shares in the US and at least 10 million shares in all the other 9 exchanges combined. When you consider that most of the short selling is done through options and other derivatives (futures, contracts for difference..) 20 million is a conservative estimate given that short sellers try to fly under the radar and some brokers might not mark the trades correctly. Some studies have said that up to 80% of all trades are just wash trades meant to mislead and deceive shareholders into making a bad move. Short sellers are not your friends. They want your money.
 

Watch out for the stop loss hunting trap:

You will avoid the shake out trap if you understand the mechanics behind short selling. Hedge funds walk away with billions every year from hard working Canadians trying to prepare for their retirement. They place orders as little as 1 share at decreasing prices until the price drops significantly enough to trigger stop loss orders that some unsuspecting retail investors automatically place to protect their downside. Example: I place 15 sell orders at strategic times (when liquidity is very low, at the beginning or end of the trading session)  

1- sell 50 shares at 1.77

2- sell 50 shares at 1.75

3- sell 50 shares at 1.74

4- sell 50 shares at 1.72

5- sell 50 shares at 1.71

6-sell 50 shares at 1.80

7-sell 10 shares at 1.68

8-sell 50 shares at 1.67

9-sell 50 shares at 1.65

10-sell 50 shares at 1.62

11-sell 50 shares at 1.61

12-sell 1 share at 1.60

13-sell 5 shares at 1.66

14-sell 50 shares at 1.65

15-sell 12 shares at 1.60

By sacrificing a few shares at a discount hedge funds can trigger the sale of thousands if not millions of dormant shares owned by naive retail investors who placed stop loss orders on them and that brokers and short sellers are happy to scoop up to cover their shorts and hoard them for when the stock starts rising up again.

Short sellers use derivatves like put options and futures to manipulate the underlying stock all under the radar.
 

Imagine that I assume that there are enough shareholders that will be easily shaken out if the price is low enough for an extended period. 

Let us call my hand a  “strong invisible hand ” and those I am planning to push out weak hands.

Let us assume this one strong invisible hand will take on 20,000 weak hands(weak because of lack of resources, information, experience...). As a strong hand my favourite game is shorting stocks both directly (2 to 5%) and  indirectly using put options 95 to 98%) and I have been been playing it for decades squeezing and crushing the weak hands. The game goes like this: 

- I dump a large order of 50 million shares for $6 a share

- A few months later I sell short another 30 million shares for $5 a share

- A few months later I sell short 10,000,000 shares for $4 a share

- A few months later I sell short 5,000,000 shares for $3 a share

- A few months later I sell short 3,000,000 shares for $2 a share

- A few months later I sell short 2,000,000 shares for $1 a share

- At the end of this special operation (bear raid) spanning many years my strong hand would have sold short 100 million shares for $513, 000,000 ($5.13 per share on average) bought by some 20,000 retail investors who are now faced with two options : 

1- Surrender to my shakeout and sell for  $1 and realize their paper loss.

2- Realize I am a financial bully fishing for liquidity and hold the line against my wish until I get squeezed for thinking I could squeeze 20,000 hands.