RE:RE:hello board!(OT)
thanks for the welcome goldenrule! (a good moniker!)
yes, i personally believe that there has been major market manipulation going on for years and probably ever since the stock market`s inception!
But i believe that the naked shortselling practice expanded mightily with the advent of the ATS and Algorythymic trading in particular..That whole market probably influences a stock`s price more than any other by far.
Unfortunately it only makes a select few get filthy rich at the expense of the rest of us who buy and sell in the markets based on our own dd abilities using both FA and TA data as we read it.
The part that makes it a crime imo is that we cannot short these penny stocks legally thru many of our brokerage firms in Canada so a great many Canadians do not even know the process which only benefits the few who do know how to do it.
When the legality aspect enters in there is still a way for foreign entities to do naked short selling into our markets and thru offshore illegal hedge funds in particular.. those are the groups that are stealing us blind imo.
In fact i have joined a group headed up by Terry Lynch that is named Save Canadian Mining and it`s goal is to get the TSX exchange to stop the selling of naked shares. I know that there have been attempts in the past to do the same and all were basically unsuccessful.. it seems that it is just too big of a market and too lucrative to really want to stop it..Anyways, i agree that when the time comes that recognition and buying interest comes into a company it can overcome the effects of shorters who are doing all they can to keep it down. But unfortunately in reality a lot if these organizations who are doing this illegal practice have a lot of money to play the game and can overcome almost any amount of buying interest.. They would not be able to if the shares that are used are genuine and legally borrowed but when they are generated out ot hin air it is impossible to overcome imo.
I just hope that AMY can attract the attentiona and buyers it needs to overcome the effects of any short sellers that may be involved.
sorry for long post but it is a subject that represents a bit of a sore spot for me as i have felt the effects of this illegal practice in a bit way as have many others and small companies too... start up companies in particular that could never even get going due to their shares being manipulated..
take care.. have a good WE just the same!
gs2