RE:RE:Yo are witnessing stock manipulation at its finest!Michael1952 wrote: The only stock that stayed in the green is Weed. All other major players are in the red just like us.
I agree on that Michael..I'm not suggesting we are the only one being played by the market makers..I suspect they are doing the same to most others in the red today to..that's what they do..let me just expand on my point a bit and how I believe the price is being manipulated.
June 6...6,565,000 shares traded... closing at 5.72
June 7 4,098,000 shares traded ...closing at 5.84
June 8...2,906,000 shares traded....closing at 5.79
June 11.1,433,000 shares traded... closing at 5.75
Almost 15 million shares traded before today in the last 4 trading sessions..AND ALL of those shares for the most part were bought above todays closing. Now it would only make sense that MOST if NOT ALL tha bought at those prices are going to part with their shares without at least getting their money back or breaking even if they had to..so once again today I simply see it as the market makers doing what they are most famous for when they want to scoop up cheap shares..it manipulate the stock by keeping the price fairly even for a better part of the day..and when they decide to they want to really take control of the price..they swoop in and start taking out stop losses and try and squeeze every share out of investors they can..once investors (the nervous ones at least)..see the price dropping as the market makers take out the stop losses and the price starts to drop..then you get the herd mentality, and people panic and start to sell off..but of course the herd mentatility works both ways and you can see that at work when the price starts to spoke..then everyone wants to be on board..so the point I am trying to make is..I am not at all worried about what happened today to our share price...without news the sector as a whole suffers and it allows market makers to do their thing..and it's not just OGI..they do it to any stock they can..who knows what they know..maybe tomorrow there will be a news announcement that will move the stock upwards and they will make a killing off the shares they were able to scoop up today..look at yesterday what happened at close..20 thousand shares moved the price 6cents..if you multiply that out when this stock starts to run again it would only take us 120,000 shares to gain back what we lost today at that ratio. It's a game those guys play using investors as pawns..we can't control what they do and how they do it..but to me it's just a "legal" way of manipulating nervous people out of their stocks for the most part..in normal terms that would be coerscion, which under some cicrcumstances could be considered a crime..but they are covered by their job description I guess..again..There is no cause for concern for OGI investors after a day like today..it is frustrating..i get that..but it is what it is..nothing has changed..nothing..except we are one day closer to legalization...we have all seen lately how quickly OGI can move up..and it will again..very soon..and you notice on the day when it runs and runs hard..the market makers can't do one damn thing about it:)..Hang tough people..just a blip on the radar screen that's all..lots of green days ahead..For any longs to be shaken out of their shares after coming this far when we are this close to legalization..I say..it's sad!...GLTA