GREY:CRIUF - Post by User
Comment by
deisman03on Feb 06, 2018 12:05pm
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Post# 27511510
RE:RE:RE:RE:RE:RE:in 8.72
RE:RE:RE:RE:RE:RE:in 8.72 I don't believe it's manipulation but that's just IMHO. You could very well be right.
The reason I don't think manipulation has a lot to do with it are the relatively small number of shorts and the high incidence of anonymous (Electronic Trades) which are computer program generated. A lot of stop losses being used these days and people are out without even knowing it.
I think it's mostly market sentiment and the correction market wide that's driving these unit prices down. The NCIB should be a good thing for the unit prices but that will take at least a year to show any effect one way or another.
It's my opinion that the price of this trust's units will continue to be volatile with lots of 5%-10% swings. It's very business nature is indicative of this.
I believe all is well at this point and if it weren't, we would have seen a much further decline than we have in unit pricing.
My bud that dumped a large amount of this trust was in and out of Bitcoin while it was still profitable. He's a very astute investor with a natural gift for making profits. He's got KWH.UN back in his sights for accumulation again.
This is a good investement. Even for the buy and hold for the distribution folks. They certainly can't get similar returns from institutional investments. If you're a trader, it can be very profitable.