Post by
lovehockey on Oct 25, 2023 3:06pm
Washtraders pounded the volume into submission
Buyback is the only solution to this very unfortunate situation. I hope the management realizes it and brings back NCIB once the company is debt free. Hopefully that happens in April.
Comment by
baranja on Oct 26, 2023 3:02pm
Correct,. that is the only way to start moving this stock.
Comment by
NotThatBright22 on Oct 26, 2023 3:26pm
This "WASHTRADING" theory has been milked to its death. It is illegal and perhaps happens from time to time. Certinally not at the frequency you propose.
Comment by
lovehockey on Oct 26, 2023 3:34pm
I do not think you know what this is all about. Of course if you open two accounts under your name and sell from your cash account to your TFSA account that would be illegal. However if you have 12 different accounts with different brokers under different names, tied together in one PC and trade between those accounts - that is not illegal even though technically it is still washtrading.