GREY:RNKLF - Post by User
Comment by
Curroweron Dec 01, 2018 12:04pm
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Post# 29049420
RE:Are short-sellers evil? Or do they keep companies honest?
RE:Are short-sellers evil? Or do they keep companies honest?I believe short selling is a necessary evil in order to keep balance in the market. However abolishing the uptick rule and not pursuing rogue brokers and their paid bashers in criminal and civil court has thrown it completely out of balance. These people are the moral equivalent of telephone scammers conning the elderly out of their life savings. They erode confidence in the investing public. Spoofing and abusing the oddlot rule by brokers and their hiring of bashers to target individual undervalued company stocks to slow or reverse upward momentum is allowed by inaction on the part of IROC and the CSE. They are talking currently about doing something which is all they do. All I can do as an individual retail investor is use that reality to make money. Paid bashers are never in bad stocks. They are frequently used to wash out a stock float to accumulate the most stock as cheaply as possible. When they run out of investors to con in general,daily volume decreases and the sp rises. On Thursday at 4pm the last trade was a crosstrade for 1000 shares from a CIBC account to a CIBC account dropping the market cap of RNX by 40 million selling $500 dollars worth of stock for 50 cents. Sometimes these oddlot trades happen because they are oddlots but frequently they are used to gap down a stock in accumulation mode by brokers accompanied by their paid bashers. Placing fake large quantity low price asks premarket and iceberg asks during the day's trading to scare buyers and encourage selling which are cancelled when buying pressure continues(spoofing) is rampant . As shares are accumulated small amounts are fed into the market at open at a small loss in order to scoop up unwary tight Stoplosses. We are now finally reaching a point where there are few weakhands left and the next month's should be difficult for shorts and day and swing traders who thrive on daily volatility. The group or groups who are accumulating can no longer hold down the price IMHO. No thanks to impotent IROC and CSE. Going skiing have a great weekend GLTAL Retail Investors