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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Comment by Curroweron Nov 10, 2018 8:29am
158 Views
Post# 28954559

RE:Question about the pumpers and the dumpers on Stockhouse

RE:Question about the pumpers and the dumpers on StockhouseI am also a shareholder and  I do not daytrade. RNX has a large share float and trades below a dollar. It is ideal for swing and daytraders who are part of the pumpers and bashers. Pumping or bashing depending on whether they are holding or attempting to buyback shares. The more sophisticated soft and hard bashers are paid by whales(not Sprott) who has to report any purchases over the ten percent he already owns.There is a fallacy that there are pure naked shorts on this stock. I submit that the price is being dampened down and accumulated using the tripartite approach of MarketMaking selling small oddlots into gaps, spoofing with fake iceberg asks etc. This is particularly evident at the open when unwary retail investors set tight stoplosses which are swept up by the brokers working for the whales. A lot of investors still don't realize that their Stoplosses show on brokers' screens. Amazing but true. The paid bashers instill fear and emotion through distortion and other techniques. The last part is accumulation. Most of the stock being traded is being held by the whales and only a small portion is fed back into the market for oddlot trades to gap down the price. As we enter the third month since the discovery we will see trading volume decrease except for days with major announcements. I hope this is of some help. I will be considering selling in two years if the company is not bought out beforehand. Bonnie Chance!
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