RE: jlgemini Enjoying 2011Science drives the market? IKNOWGOLD, what have you been smoking? The last time I looked the study of economics was in the Arts Faculty. There are too many ways to play the market from modeling, to day-trading, to charting, to random walk, to …, and the market is open to both pros and amateurs from around the world. The key word in “playing the market” is “playing.” The market is about gamesmanship and, when money is involved, some people cheat.
Since 2006 this Board has been used to bad mouth Brad by members of an Investment Club. Their objective was to depress the stock so they could increase their holdings on the cheap. It is a big Club with a large collective holding. I witnessed the selling of 500,000 shares into the market in November 2009 to kill the impact of pivotal trial SPA and drive the price to $2.75 by Dec 31. No one who would take the position of buying 500,000 shares of Oncolytics would give up that position unless they were motivated to manipulate the stock price. The 500,000 was only a portion of the Club’s total individual holdings.
I strongly suspect that I am playing the Gopher Midway Game with another Club member. You know the Gopher Game. You are given a mallet to hit gophers as the pop their heads out of their holes. You hit one and another one pops up. I checked your background on Stockhouse. You have been a member since August 24, 2006. Coincidence, many Club members have monikers starting in 2006 and reputations of 2. This is your first post on ONC so there must be many gophers with sore heads. Your speciality is PBX on the Toronto venture exchange. International PBX Ventures Ltd is a mining exploration company that operates in Chile. Your previous post was last December 7th. You were celebrating the success of PBX as it recovered its 2007 highs of 60 cents and is looking to go higher. Funny coincidence, your next previous post was on October 9, 2007. PBX was tanking in 2007 from its 60 cent level and heading to less than a nickel a share. You were dumper in 2007 and whining about Sprott. Did the Club buy a lot of PBX in 2009 when the stock was floating around a nickel?
Here is something for Cardu. He says I lack a sense of humour. It is my horoscope for the day from the Globe.
GEMINI (May 22 - June 21):
Rivals will try to undermine your confidence today but they won’t succeed. Keep doing what you are doing and keep doing it well. The more others pile on the pressure the more you will enjoy showing that you are not intimidated.