General CommentIs it not time that the daytrader/pumpers understand the overall damage they are doing to the market?
They find a stock that has been beaten down with desperate shareholders that want to hear something positive, anything that might indicate a turn around in their investment. The daytrader /pumpers do just that, posting all kinds of positive sentiments and if the existing shareholder buys in and averages down the stock increases in price for a penny or two at which point the daytrader/pumpers exit their postions with a profit.
And with each one of these set ups more and more little guy, naive retail investors heads out of the market with their tail between there legs. Some leave because they have lost the money they had set aside for invesment but many more leave because they have lost faith in the process.
Of course there are numerous reasons why the Venture Exchange has tanked over the last few years but consider the possibilty that you daytrader/pumpers, with every profitable transaction you make on the backs of the retail investor, drives that investor away, never to return.
I guess there will always be somebody you can fleece, but every day there seem to be fewer and fewer until one day? Then what will you do?
Just something to think about.
Chipshot2