Corazon Mining Ltd T.CZN

CZN NOT ALONE IN STOCK PRICE MANIPULATION BEFORE B

[bluemoon63]

EVERYTHING IN THIS POST COMES FROM A SERIES OF CASES ON WALL ST where I was the attorney for a group of traders from different companies who basically had to explain "custom and useage of the trade" to sitting arbitrators. Under SEC law, custom and useage of the trade is an exception to what otherwise might appear to be a violation of stock exchange rules and regs. In plain english it means if it was standard practice and you did not "invent" the manuever to exploit the market but rather you just used standard tools that had always been used, you COULD -BUT NOT ALWAYS DID- get away with it.
During these series of trials, invariably the arbitrators mouths would flop open in utter amazement at how traders could signal each other such that each could exploit a different facet of retail investors and book shares for portfolio managers at their "house" . For instance there are a number of regional exchanges, a trader would flash his or her interest with a mega order that would appear and disappear on their screens so other traders would stand aside while that trader sucked up shares. Frequently the flash would occur when the sentiment on retail message boards just like this one would seem upset or frustrated with company action, stock action, or investment news in general. 
Traders don't post on these boards but they do lurk on the boards and pick up sentiment indicators that allows them to 
exploit retail holders. The old chestnut - buy on the rumor, sell on the news- may have been invented by traders. Even great news sometimes causes price drops; and it's traders trying to get holders to sell so when the stock bounces up the trader can get out at a profit. 
With a company like CZN which really has three unknowns in the near term - traders are in their glory becuase the upside is so strong IF these three items are all positively resolved. Traders can send signals, place big orders so retail thinks there is bad news coming or they the retail holders don't know something that the market knows etc- and generally play with the fear factors of human nature. 
So all the reads and all the non-member visitors at places like investor village are traders and professionals taking the temperature of retail holders. They are taking your temperature to see if they can exploit you, not help you. 
It was amazing to me and the arbitrators to listen to these men and women explain what they did from basically 8 AM in the pre-market to 7PM when the pacific exchange closed. One team got to work at 2AM to play with the EU Stocks before the US market opened and they set the tone for NY trading on EU stocks that trade on the NYSE when they did that. All legal as long as the traders did not collude and they did not- they just knew the signals and who was sending them and why. In fact we see on level 2 THE SAME SIGNALS ALL DAY LONG. 
Retail investors seldom know that people are paid handsomely and with big bonuses to do nothing more t han trade stocks all day long.  They are here so be aware that the audience for this winner is far larger than it seems.