Look up Soft BashingAnd you'll find a description of how highrider posts, IMO. Add to that, that he completely ignores the obvious manipulative trading by Anon and seeks to attack my credibility as a long, at every turn and make your own judgements.
It's very simple for me. If you remove all the trades involving Anon, the volume would be appreciably lower and the SP no doubt higher, because it's completely obvious to me they are manipulating the price down at every opportunity and scaring people into selling.
They are all over this stock like bugs on a bumper, I've noticed it trying to daytrade time and again. I've had to give up on this one, they are just too in control to reap any appreciable profits, although I've squeaked a few out with hard work.
Because I don't have to sell for losses, I am more or less locked in with a fairly high average now. I'll admit I got greedy and should have sold when we hit $1.20 awhile back. I fully expected Mgmt to be smart enough to capitalize on Tweed's success in listing on the Venture, but have obviously been proven wrong for now. I don't think I am alone here. Life happens.
I have a faint hope clause that Mgmt actually doesn't need the money that bad right now and this PP can be cancelled or at least quickly closed to spare us more time wasted. CYX cancelled theirs today because they concluded an agreement to finance a subsiduary with other people's money and it changed the dynamics of that play completely with them now having 1 million cash to spent now on MMJ instead of keeping their subsiduary afloat. It also averted massive dilution at 6 cents.
The change here is minor, with only 2 million more shares being issued with this new price structure. The big question is, as always, what is with the coveted new licenses?
The Venture is in major hot water for a prolonged halt on CMT, so I am off to go stir up discontent with IMO, old school "boys club", selective enforcement policies.
I am glad Enertopia is on the CSE which IMO has proactive, smart policies to protect retail investors, like the monthly reporting requirements. Although the level 2 is delayed without paying the premium on the CSE site, it is illuminating for giving the house numbers of all the participants. That is the factor that make Anon's manipulations here, so obvious. I win out over these type manipulations because I have the time and patience to let the value of the company come out in the wash.
I am not foolish enough to be bluffed into selling because Anon's voice, highrider sounds intelligent about charts. One minute he was soft bashing and pointing out the dreaded of all chart phenominum, the head and shoulders pattern AND the very next minute when he saw an entry point he bashed us down to, he is a buyer suddenly, completely changing the subject away from the head and shoulders.
Then, as if that weren't telling enough, he claims a sale, as soon as the SP traded below 50 cents today, even though the sales were clearly Anon cross-trading with itself to frighten the unsuspecting AGAIN for I don't know how many times I've pointed this out to people. He'll no doubt attack me again with his selective targeting. I don't care, because today he looks the perfect fool or the perfect aid to Anon's endeavours to high frequency trade this stock for profits. I pray for the day HFT and shorting are banned in Canada. I shouldn't have to compete with a machine to trade a stock, IMO. I shouldn't have to put up with interests that short my equities, then disseminate lies about them on the internet like with CCB.
For anyone confused about my comments, I often trade a stock with two positions and two techniques. I hold a core of shares as a traditional long and I trade another group of shares as a daytrader/short-term trader. I don't help the SP down when I expect it to drop by not posting at such times, to avoid the temptation to appear "moody" lol That is the tell of a daytrader, one minute positive, the next completely disconnected and negative.
I'll be riding highrider the rest of my days on SH, CUZ if you hadn't guessed, Schmid is on somewhat of a self-destructive mode. ROL
Oh and hey, let's be careful out there!!! There are plenty of low-life's besides highrider on Stockhouse, IMHO. I just embrace my inner child and refuse to grow up sometimes. Time and Enertopia Mgmt will tell who is right and who is wrong. It's got so little to do with charts, it's patently ridiculous IMO. It's all about the news flow and keeping the company moving forward.
JMO's