SVA's Bear Cub raid today; close 24½ on 941k Well, the goon squad finally were successful with their Bear Cub raid today...
On the third try (these past several days) they broke through 25½ reaching 23 cents before a small rebound to close 24½ cents on 941k (32k Germany; 18k US). Yesterday's bearish harami and no news on the 80th ADA virtual conference presentation enabled the downdraft to happen.
Some may have missed reading the Abstract to learn that the presentation by Sernova was about the Sentinel Pouches and what was found when they were cut open and analyzed. Further, when one digs around in the websites on the 80th conference, one learns that the presentations are not available to the public immediately. "kriko" provided substantiation that we have to wait. Because this is not widely known and the time frame before release is also unknown, traders can cause a shaking of the tree like what happened today.
This will get fixed when Sernova is able to issue news, which I hope is within a week, or two... certainly by end of June???
Those interested in reading about (the illegal) Bear (rather than Bear Cub) Raid should peruse the following link. I also provide an excerpt.
Yet October and the summer months preceding it, had more than their fair share of so-called “Bear Raids” or sudden, sharp panic attacks, that frighten many investors into selling their shares in order to avoid losses to their retirement accounts. During a “Bear Raid,” quick footed short sellers seize upon news items, such as financial turmoil overseas, that is largely unexpected, or “Black Swan” events that are far outside of the realm of probabilities. The objective of a “Bear Raid” is to make windfall profits within a brief time period through short sales. If the Bear Raid is successful and the target stock plunges, short sellers can buy the shares cheaply on the open market. These shares would be used to replace the ones that were borrowed earlier and sold at a much higher price, with the short sellers pocketing the difference as their profit.
Bear Raiders must closely monitor the number of short positions in the target stock, or exchange trade fund, (ETF), since a huge short interest increases the risk of a short squeeze that can inflict substantial losses on the Bears. These short sellers cannot afford to wait patiently for many weeks or months until their short strategy works out. They must act to cover their short positions, before other investors see the beaten down market as a bargain.
If operating in the US’s centrally planned market, where the Fed is actively intervening to prevent sharp downturns, the Bear Raider knows the gains from the short sale trade will eventually be reversed, and usually within short order. Once Bullish investors begin to realize that they were hoodwinked, and scared out at the lows, - they begin to pile back into stocks again at higher prices. What usually follows is an eventual recovery of all the previous losses that were engineered by the Bear Raiders.
“Bear Raids” have been a part of the US-stock market’s folklore for more than a decade. Throughout history, investors have blamed short sellers for some of the worst crashes in the world’s financial markets. Jesse Livermore was said to have pocketed $100-million in profits from shorting the stock market during the Crash of 1929. Before his death, Livermore wrote a book titled, “How to Trade in Stocks,” in which he described the dynamic of a “Bear Raid” as follows; “The theory is that most of the sudden declines or particular sharp breaks are the results of some plunger’s operations. The excuse for losses that unfortunate speculators so often receive from brokers and financial gossipers serves merely to keep you from wisely selling short. The natural tendency when a stock breaks badly is to sell it. There is a reason -- an unknown reason but a good reason; therefore get out. But it is not wise to get out when the break is the result of a raid by an operator, because the moment he stops the price must rebound,” -- Jesse Livermore, “Reminiscences of a Stock Operator.”
Jesse Livermore famously warned his readers that “the stock market is designed to fool most of the people, most of the time.” Yet “All through time, people have basically acted and re-acted the same way in the market as a result of: greed, fear, ignorance, and hope – that is why the chart patterns recur on a constant basis.” This axiom has withstood the test of time, and the recurring pattern of a Bear Raid followed by an equally quick recovery rally has been played out on numerous occasions on Wall Street. The recovery rallies are engineered by the Fed, in what’s been dubbed as the “Put Option.”
.... continued .... jwall
| V:SVA - Sernova Corp. - https://www.sernova.com/ | 16:35:25 EDT |
| Sym-X | Bid - Ask | Last | Chg | %Ch | Vol | $Vol | #Tr | Open-Hi-Lo | Year Hi-Lo | Last Tr | News | Delay |
| SVA - V | 120.0 | 0.24 | · | 0.255 | 1.5 | 0.245 | -0.04 | -14.0 | 940.8 | 240 | 220 | 0.29 0.290.23 | 0.35 0.095 | 15:59:59 | Jun 15 | 15 min RT 2¢ |
| TSX-V - V | 120.0 | 0.24 | · | 0.255 | 1.5 | 0.245 | -0.04 | -14.0 | 521.2 | 133 | 114 | 0.29 0.290.23 | 0.35 0.095 | 15:59:59 | | 15 min |
| NEO ATS - U | | 0.245 | -0.04 | -14.0 | 263.0 | 67 | 56 | 0.28 0.280.235 | | 15:53:09 | | 15 min |
| Alpha - A | | 0.255 | -0.03 | -10.5 | 18.5 | 5 | 4 | 0.28 0.280.24 | | 15:38:32 | | 15 min |
| Omega - O | | 0.245 | -0.04 | -14.0 | 38.0 | 10 | 16 | 0.28 0.280.245 | | 15:53:09 | | 15 min |
| Pure - P | | 0.285 | | | 0.3 | 0 | 1 | | | Jun 09 09:39:50 | | 15 min |
| Chi-X - X | | 0.255 | -0.03 | -10.5 | 23.5 | 6 | 8 | 0.28 0.280.25 | | 15:38:32 | | 15 min |
| CX2 - H | | 0.245 | -0.04 | -14.0 | 74.5 | 19 | 15 | 0.28 0.280.245 | | 15:53:09 | | 15 min |
| TriAct - M | | 0.285 | | | 1.8 | 0 | 6 | | | Jun 16 09:58:52 | | 15 min |
| Trade times are ET. News times are ET. Bid/ask/vol sizes in thousands. |
| Recent Trades - Last 10 of 220 |
| Time ET | Ex | Price | Change | Volume | Buyer | Seller | Markers |
| 15:59:59 | V | 0.245 | -0.04 | 1,500 | 53 Morgan Stanley | 79 CIBC | K |
| 15:59:59 | V | 0.245 | -0.04 | 4,000 | 2 RBC | 79 CIBC | K |
| 15:59:59 | V | 0.245 | -0.04 | 500 | 53 Morgan Stanley | 79 CIBC | K |
| 15:53:09 | U | 0.245 | -0.04 | 1,000 | 1 Anonymous | 1 Anonymous | K |
| 15:53:09 | H | 0.245 | -0.04 | 2,000 | 1 Anonymous | 1 Anonymous | K |
| 15:53:09 | O | 0.245 | -0.04 | 1,000 | 1 Anonymous | 1 Anonymous | K |
| 15:53:09 | V | 0.245 | -0.04 | 8,500 | 53 Morgan Stanley | 1 Anonymous | K |
| 15:47:17 | V | 0.245 | -0.04 | 15,000 | 53 Morgan Stanley | 7 TD Sec | K |
| 15:47:17 | O | 0.245 | -0.04 | 1,500 | 1 Anonymous | 7 TD Sec | K |
| 15:47:17 | H | 0.245 | -0.04 | 6,000 | 1 Anonymous | 7 TD Sec | K |
Last 50 TSXV Trades: