Good read from VST board
,,,,,,,,,,,,,,read the last paragraph.................
I found this condensed version of what that broadcast is saying from another BB
trade stocks with your eyes wide open.
GLTA
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https://www.netcastdaily.com/broadcast/fsn2008-0531-3b.mp3
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Are Canadian Investment Bankers crooks ???
Practices used by Canadian Investment Bankers to defraud retail investors
Financialinstitutionshave a fiduciary responsibility to look after theirclients.Unfortunately MANY financial organizations do just theopposite. Theydefraud their clients out of their money in ways whichare devious andimmoral. They employ various techniques associated withstock tradingsome of which are listed here.
Canadians need to demand the federal government take measures to identify and punish these individuals and corporations.
Manipulation Techniques used:
“Spoil Your weekend Last Minute Drive Down”:Last15minutes before market close there is a flurry or sell orders todrivethe stock down after the stock has had a good up day. They shortsell,naked sell or do crosses between each other in order to affect thestockchart trend. Typically they take a stock which is up 10% +- anddrive itdown 10% to affect the weekly charts.
“Last Minute Drop down”:Lasttwo minutes of trading they do a cross trade between themselves andcreate a deliberate loss to knock down the stock price.
“Carpet Bombing”:Preludetoa short selling parade. Out of the blue a large block of sharesbegin tocrush the stock by driving the share price down 20%(+-) justprior tothe financing of a company.
“Morning Pop, End of Day Drop Down”: They will sell or short into the morning rally and at the end of the day they cover their shorts.
“Drop, Pop and Handoff”:Thehandoff(collaboration between houses/hedge funds etc). “A” partysellsstock to“B” who sells on another exchange triggering selling to scareinvestorsinto thinking the stock is being sold off. It is designed tocreate panicselling to “shake the tree” and scare retail investors outof the stockthrough heavy selling activity. Look for a large shortposition in thestock.
“Whopper”: Abnormal excessive sell block shows up to discourage buying of the stock. They are trying to manipulate the stock price.
“Bash and Cover”:Paidbashersshow up on public chat forums to bash the stock by scaringpeople out ofthe stock allowing them to cover their shorts etc…Purposeis to createnegative sentiment and scare retail investors out of thestock. They userumours, false statements and innuendo. They will impunethe managementboard members etc. Motivation is to put out falseinformation so theycan cover their short positions. This activity isvery widespread inforums.
Theshortingof stocks and naked shorting seems to be the primary methodthese crookssteal your money. We need an investigation with teeth toput thesecrooks behind bars. They openly brag that they cannot bestopped – thatgoes to illustrate the extent of the problem and thearrogance of who weare dealing with.