RE:PROtrading and NotwrongWOW!!!
Accusing Regulators of being corrupt!? Yikes!
Ineffective, misguided etc could be a good argument under freedom of speech but corrupt!? That's a big word especially in regards to the financial markets!
You probably don't want to go there....
Frankly the responsibilities with the Governments. The Ministers of Finances are the ones ultimately responsible here and they are sleeping. How many people here have complained? Formally? We aren't prepared for the global world and this is what we are seeing.
Maybe with the new governments and the disasters of the markets for Alberta, they will wake up and push this to the Federal level to get some national regulators in place that are working for the people and investment community in Canada.
In regards to CXR, I agree with others who say that insider buying is the best clue outsiders can get of the true value of the company.
Books can always be cooked as we saw with Enron, MCI, Nortel and other big companies, etc etc. Massive insider buying has never been wrong for me so it's a big financial indicator used by some fundamental guys. Very popular with like minded investors.
Kherson wrote: I enjoyed your posts today. You both have raised very valid arguments about the corruption in the Markets, but the problem as I see it is that the Regulators here in Canada are not doing their jobs. There is no doubt in my mind that both the BCSC and the ASC are now also corrupt.
Kherson