TSXV:CAV.H - Post by User
Comment by
member321on Mar 23, 2011 9:59pm
407 Views
Post# 18331816
RE: RE: RE: Manipulation
RE: RE: RE: ManipulationManipulation I think not. The share price graphs indicate Baja trading has reacted much like many other issues.
Here is the charts:
https://stockcharts.com/freecharts/gallery.html?baj.to
On the weekly chart, looking over the last three years Baja crashed to a low of
.14 along with all other shares that crashed durning the financial crisis in 2008. Since, Baja has recovered to $1.05 as of today and that long term trend is still intact and appears to be resuming after a minor pull back with a number of recent global events.
On the daily chart, Baja had a sharp share price appreciation last September from $ 0.79 to $1.39 over 10 sessons that was over done on positive news. Shorters jumped on the opportunity. Baja was overbought. It is no surprise shorters moved in. The shorts drove the price down and then covered. Since, with Baja moving into a long period of construction with little news, short term traders and frustrated investers have been selling out. These mostly would be those who got burnt by the shorters. We are now at the point were most of these have been weeded out. You can tell this by the volume that has been tapering off and by the share price rebounding after recent global events. Value buyers saw that Baja was oversold and jumped at the opportunity to capitalize on the panic. Baja is now in the hands of mostly long term holders and fewer shares are coming on to the market.