TSXV:VEC.H - Post by User
Comment by
Tooton Jan 07, 2010 2:31pm
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Post# 16650981
RE: Guess who's selling big at $0.30
RE: Guess who's selling big at $0.30IMOP Canaccord is a legend in their own mind when it comes to a claim for reputable dealings as their website suggests, but from my perspective, Canaccord is a trading house with deep pockets and they are not above liquidating large positions into any kind of liquidity. They have little tolerance for high risk, and why should they when they can get away with unscrupulous manipulation and representation.
I frequent a website called https://www.stockwatch.com/ and if you go there you can sign up for a free trial for 30 days... once in, check out the analytics tab across the top title and click the block trades, look up URC on the CDNX
and set the volume for 1000 and $s for 200.
You can see that this all Canaccord.
It eludes me why if they are insiders and by our own measure of ability to be insiders, Canaccord doesn't have the insider desire to move when they could before Dec 24th 2009. Instead they dump heavy into the January effect.
If we would claim tax loss against capital gain... surely they would be in better position to know.
Instead if they sell after Dec 24th, they can play this game, as it is my understanding if stock is sold for tax benefit... It can't be bought for a set time after the sale. That would illegal if they were manipulating reporting on their part to bury it.
Canaccord has been or is still being held accountable for alleged misrepresentation for selling non triple AAA investments as guaranteed.
I'll be monitoring the buys over the next while and if they are buyers, then this pretty much speaks for itself.
In either case... Acted upon negative insider information is criminal in MOP and if this type selling is followed by buying then it is manipulation... As matter of course I will putting a detailed summary of the trading action and send it off to our paper tiger.
Still holding
GLTA