RE:I wish whoever is selling through TD would run out of sharesI've been holding my piece on this issue for a long time. I call them the "DARK FORCES", I say forces because there are a number of houses working in tandem and all they do is kill any momentum build up that shows up. They do this at will and without impunity, I also call them "Lampreys", as they've been latched on to ITC for years now, yep, years!!! Why is it possible for them to do so? There is no demand for the stock, if there were any, they wouldn't be able to walk down the stock as they do. In the past 2 weeks alone they've knock off $7million off the cap. What's the strategy, shorting the stock down and riding it back up, which I think would be possible when operating from multiple accounts. Or, perhaps as a fellow blogger says, they keep shaking the tree and accumulate cheap shares.
Here is one of the strangest facts you will find about the ITC stock and I dare anyone else to find a title on the TSX/VSX which reacts this way. I went back to October 26, 2016 and counted 23 Press Releases (PR), 3 of them were anouncing Q results release dates, the other 20 releases are what I would consider positive PR. They were about new clients, new orders, new products and good to very good Q results. Now here is the fact, immediatly or within days following 17 of these PR, the stock price dropped, there were some pretty good PR in there! On only 3 occasions was there a stock price increase. It's not rocket science to think that this is not a normal reaction. All this is happening while the co is starting to get visibility, all of it 100% positive, a well managed co, steady growth, profitable, cash on hand and contract annoucements follow each other regularly. There is not one dark cloud on the horizon. Most in the know declare the stock cheap, undervalued and that on the math alone the stock should be north of $3. And to piss me off even more these past days, a new ITC blogger comes on and starts pumping down ITC, this stock is going to $2. Is he a member of the DARK FORCES?
Enough ranting and rambling, my HABS are out and I had time to kill. GOT TO LOVE TRADING ITC lol............