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Home Capital Group Inc T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Post by YassineNoBSon Nov 07, 2019 10:53pm
168 Views
Post# 30325174

Most of the traded volume is jitney related

Most of the traded volume is jitney relatedHi there, I checked the daily chart, the daily total volume compared to the breakdown of individual transactions and it seems that most of the volume is wash trades (the buyers and the sellers are the same or related and they place matching  for the same price and volume to boost the daily volume and give  the impression of market interest). In short jitney trades are made to make you believe there is an appetite for selling and entice you to follow suit and sell (herd mentality) so that those behind the trades can scoop up your shares at discounted prices. I have been saying since the stock  was under $5 and I will keep saying it this stock will go above $35 (at least) given the fundamentals, the short squeeze potential (or certainty should I say) with over 7.5 million shares that mist be bought back and fewer shareholders willing to sell below 1.5 times book value.
https://www.investopedia.com/terms/j/jitney.asp
 
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