Post by
CravingProfits on Jan 05, 2023 9:44pm
Manipulation....
I also have a feeling the share price is being manipulated by bots and algorithms.
And the bots are working in someone's favour.
If you have mathematicians programming the bots, I'm sure it's easy for them to skim pennies off every trades up and down.
We think we are equipped to compete with a paid level 2 program, but I'm sure they have access to level 10 or whatever exists out there.
With our buy and sell orders at limit price or stops, they know exactly when they can bring the s/p down to certain levels by selling and selling more and then simply reversing their position and buy back in if only for a few pennies a share. 500,000 shares traded at a 2 cent profit is still 10k in profits.
After all...bots are not paid by the hour.
I would also think the big guys have inside information on developments before we do. So it is easy fir them to figure out when the s/p is vulnerable.
For example, my bank probably knows my financial situation better than my spouse would. The same applies to public companies I'm sure.
The big boys buy into companies based on the s/p plus a premium sometimes, so they have good reasons to keep the s/p down as much as possible.
I think things might be different if the markets only operated on trading at market prices with no standing orders.Then the playing field would be a lot more fair to the small time investors like me.
And this is only one of many other ways we get scammed. Lol
Just venting and making unproven and possibly stupid allegations here.
But I am still holding long term and still buying more.
I am hooing ....." you can fool all of the people some of the time, and some ot the people all the time, but you cannot fool all the people all the time"... Abraham Lincoln.
Sorry, I have to go as the SEC (CSA here in Canada) is calling me over the phone right now. Lol kidding
Glta
Comment by
EndZonefor7 on Jan 05, 2023 10:22pm
Your assumptions are correct Craving. The algo games are over the top on this stock. Fund guys who know more than us use the markets like an ATM. Just like the trolls who show up when the tide has shifted as they post misleading information and inane questions with new ID'S.