Post by
Dreaminthedream on Sep 09, 2020 4:36pm
Trading action doesn't lie
On September 2, 2020, FCU closed at $.48. Today it closed at $.38, a drop of $.10. . FCU has dropped 21% in 4 trading days.
The premier low depth deposit and the stock gets smacked 21%. What is going to happen on a bad day?
The stock is a JOKE. A sick one.
Comment by
pommerac on Sep 11, 2020 10:28am
Dreaming and his bunch are like the Ouzalam bird-it flies in ever decreasing circles and finally dissappears up its a..rse
Comment by
Greenday on Sep 11, 2020 2:09pm
@ Dreaminthedream - Look at the numbers. Decline is from short selling shares which have to be repurchased.
Comment by
Dreaminthedream on Sep 11, 2020 2:21pm
Greenday. How do you know that the decline is from short selling? As far as I know short sellers can not short on a down tick. I think the decline is somewhat due to the absence of buying by URA. Perhaps their rebalancing is complete. Hence no buying power in FCU.
Comment by
pommerac on Sep 11, 2020 4:29pm
Your info is wrong-as per usual
Comment by
Dreaminthedream on Sep 11, 2020 8:02pm
Correction. "In 2007, U.S. regulators eliminated the uptick rule, and in 2012, Canadian regulators followed suit."