Top 5 'Tricks' Played on TSXV
Here is an interesting article regarding the TSX_V that was on another bullboard.
There are definetly stocks on the TSX_V that are manipulated-- any other articles on this topic would be useful to see.
https://www.pinnacledigest.com/blog/schiffknowsbest/top-5-tricks-played-tsxv
Top 5 "Tricks" Played on the TSXV
5) Icebergs
An iceberg order is when someone wants to buy/sell a big position. What they do is only post small increments and reload until it has been filled.
For example, post 500 shares on the ask and this reloads until the full 100,000 shares have been sold. This strategy is used because investors are far less likely to buy the stock on the ask if they see 100,000 shares posted, rather than 500. Investors eventually find this out as it appears like the ask at a certain level will never go away.
The name iceberg of course comes from the fact that you can only see part of it, and you don't know how much is below the surface.
4) Little Buys & Sells @ End of Day
The Jitney house is famous for this. Often you'll see orders at 3:59:55 of a few hundred shares either buying the stock at market, or selling it at market. This is a way to manipulate the stock every day and is especially noticeable if the stock is illiquid.
3) High Volume Taking it Up, Little Volume Taking it Down
This is a game the big boys play! If you ever see this game being played it usually means that big money wants in, and will manipulate the price to get as much as they can, as quick as they can, as cheap as they can. This is one of the best buy indicators for me if I see this game being played. The reason is because someone with a lot of money most likely wants in and is willing to play this type of game to acquire a large position.
Right now I am noticing this type of game being played in Galway Resources (GWY.V)
2) Backdooring on Alpha
You always need to keep an eye on the Alpha Exchange. This is another Exchange that is used mostly by the big banks and is in competition with the TSX. Sometimes you will see large asks put up on the TSX to try and run investors into their bids on Alpha. Alpha is an exchange that is less followed and can be a great indicator of what is really going on. Here is the link to the Alpha Exchange:
https://www.alpha-group.ca/
1) Large Fake Bids & Asks
The most common thing I see is someone throwing large bids or asks to try and make it look like there is a lot of demand, or a lot of supply. By doing this it often gets the herd running the way they would like them to run. INT is famous for this. Often you will see a daunting level II if you are looking to buy into the stock. It initially looks like there is no way the stock will ever run with that kind of supply. 10 minutes later you look back, there hasn't been much volume, but all of a sudden all the supply is gone.
With regard to fake bids and asks, always ask yourself this question....Would I do this strategy if I were looking to buy or sell large amounts? Would you honestly show people you are looking to buy or sell a million shares in a stock that isn't that liquid?
In conclusion, many tricks are playedd on all stock exchanges. It is therefore crucial that you always do your own due diligence, and do not get scared out of your positions because of how level II looks.
Happy Halloween!