RE:RE:RE:Can someone please explain
SlimVestor wrote: It was a major end of day dump on glh. Wtf? Who sells at .145
It’s the same group of people that have been doing it for years. They sell to one another. When you see orders and buys for .142 and .141 you know that there is manipulation by shorters. A lot of the volume we see day after day is generated by the same people simply transferring their shares around. Ultimately there really isn’t any extraordinary volume but the ruse is on for any one who will sell.
Imagine Person A, B, C, D all collaborate in the following fashion.
Person A borrows shares and sells them immediately.
Person A begins posting immediately that a lawsuit is imminent. They state things like management is acting illegally or that they contacted RCMP. All they do is essentially slam the stock between 8 and 5 everyday during their shift hours. Hopefully other disenfrachised investors feel discouraged enough to sell.
Person B buys as much as they can after it drops further
Person C buys as much as they can after it drops further still
Person D buys as much as they can after it drops further still
After they they hit their target profits are divided equally and the next gang member becomes the initiator tomorrow.