RE:SHORTS (Part 2)Yes, fdfd12, you are completely right on this. It is amazing how the stock has a net positive demand on the day far exceeding sellers yet the shorts are able to grind down share prices on lower volumes at critical times in order to lower the net price on the day. This should not be happening in a properly functioning stock market. Since the IIROC is supposedly monitoring daily trades, it is amazing how they have not been able to detect this or take action to stop this manipulative trading and penalize those effectively involved. If anybody has specific information as to how this is being done and by whom and at specific times, you should contact the IIROC and report these hoodlums. They can ivestigate backwards and take appropriate action through the SEC, I was told a while back. On top of this these shorts mouthpieces on SH like Kazinski and Select1011 and Heath123 are supposed to confuse us (and IIROC) with their bogus excuses why the stock price is so weak and why everyone has no confidence to hold the stock yadda yadda. GL all longs
fdfd12 wrote:
This is the way they do it.
They own, yes OWN already shares of CXR.
Let's say 20,000 shares.
When the price goes up and then volume dries out. They sell
the shares that they own and then pick it up at a lower price.
Sometimes they sell all the way and all of their shares and then
CONTINUE to short additional BORROWED SHARES for double the effect and power.
Then they start to cover.
Moral of the story: Once volume dries out, get rid of your trader shares.