Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by arpagon29on Aug 18, 2011 6:14pm
164 Views
Post# 18958076

RE: NO TRANSACTION TODAY????

RE: NO TRANSACTION TODAY????Dear Nick, please note that yesterday's volume was actually not the 3.8 million shares reported on the TSX-Venture web site, but 6.9 million shares. And Today the volume was not the zero trade reported on the tsx venture, but 300,000 shares...If you want to get the real volume you must get a feed like stockwatch or go to bloomberg, where from time to time they will have the full transaction volume.How can that happen, simple the regulators have authorized the creation of alternative trading markets. The reasoning of our clueless regulators was that wanted to created a competition to the TSX for the only benefit of the banks...So when you include the 3.1 millions shares that were done on the alternative trading platforms such as Alpha, Pure, Chi-x, Omega etc, that is how you get the true volume of yesterday.What is not funny is the fact that the regulators have agreed to the creation all these "phony" markets controlled by the Banks and large brokers, and that by creating them they have unleash a level of market corruption, whereby the day traders have become the boys on the hoods that can freely extort money from all markets participant... Heck they make the old pumps and dumps of yesterday look like child plays..., image they have been given a green light by the regulators to manipulate stock going up, going down, and even on flat days... For them, market direction is not important, volume is... Did you know that these day traders are being paid to created wash trades, churning of paper and naked shorting of stocks... How you ask, simple the ATS market have created marketing programs in order to attract volume to there exchanges. What these marketing program are is nothing else they paying bribes to trader in order to generate volume on their ATS exchanges... These payments are the only reason why a trader can make money buying shares at 0,055 and selling then 0,055... Trader, being the what they are, have discover how to abuse a market anomaly created by the regulators and they are taking full advantage of it, nothing is there to stop them to created false volume and make money.The only problems for them is that there goal is to be as flat as possible at the end of the day, that is why we keep seeing very bizarre trades at the end of the day, and that on day of high volumes, they often get stock with large naked short position at the end of the day... So what do they do? Everything they can do to attract real investors to sale them shares cheap.Since they know that the market is now loaded to there advantage and that it does not work like before, they also know that traditional investors will make the equation large volume, no stock movement up, equal bad news. Therefore they bet that people will sale them there shares cheap, and they will be able to cover their short over a few days....Furthermore, in order to scare more investors, they will start trashing the stock, and you will often see basher like wise guy appear on bb in order to scare investors...How do I know that, I have many friends that were and some that are still traders and they have validated what I am saying. Heck they even mentioned that 80% of the volume that trades on market is now make believe...What these traders have also told me is that these new type of day traders model is base on small profit and large volume and they are not really equip to support big short for a long time...Second these traders only look at the technical, and that they short base on technical, they have no clue of the fundamentals value of a story.So my guess is that right now, we have traders with large short that they need to cover but they do want to lose there shorts...Sorry for them, but they have chosen the wrong stock at the wrong time to play this game... AFA was way undervalue before with just the marine diamonds, but know with the spin off of world class copper play with Teck.... It will not stay at 6 cents for long...
<< Previous
Bullboard Posts
Next >>