VMS VENTURES INC. VMSTF

RE: RE: RE: RE: RE: RE: RE: RE: Coffintrader

[marvelgold]

Thanks for sharing your story with us. I would say manipulative, because I had the same thing happen to me, more than once when I used to trade through TD years ago. If you are also trading through BMO then I would say that this is outright frontrunning by BMO. Remember, they use black-box automated trading systems running on a faster internet connection. The big banks dominate trading and they mean to keep it that way.

For those unfamiliar with frontrunning this is what it comes down to: You have a trading account with bank XYZ. Bank XYZ also trades for themselves. They're set-up with a system that is fractions of a second faster than your set-up at home or office. Bank XYZ's automated system sees your buy order being placed and the system executes a buy order just ahead of you. Their strategy is to create the impression of immediate demand for the stock, thereby suggesting to you that there is intense competition for available stock, so you will be compelled to keep buying, meanwhile they are ready to flip that position for a small profit right away by selling to you, or any other ready buyers. This is just one way the big boys keep a leg up on us.

Good luck with your trading and investing, stay sharp.