GREY:CHALF - Post by User
Comment by
Go0B3ron Jun 18, 2020 3:29pm
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Post# 31166362
RE:High volume - yet stock price still low
RE:High volume - yet stock price still lowBig dump this morning was by retail - Looks like anyone that grabbed shares to play the "Safe banking" hype around 0.015c tried to sell at 0.02c. Canaccord is back in buying between retail investors reach at quarter of a penny, and putting it back up for sale, which is probably just algorithms... The manipulation happening here, if any, is in the hands of guys like Orwellian to figure out. Really, the big issue is the amount of power held by shorts and investment firms. They run these stocks, specially when it takes so little money to push and pull them. Today, it only took a $90 trade to take the stock down 25%...
How do I know Canaccord is doing that - They bought 7k shares at 0.0175 and right away put it back up on the ask at 0.02.
Usually, any loans given out that remain out of money, ends up being a real pain in the dik since the company lending will usually do anything to get that money back. So they will short, trade up, and whatever else is needed in order to gain back what they've lost.
the people that hold the stocks, rarely have the power to do this on their own, even with a large holding like some of the names being tossed around on this forum had in their possession. It always takes a firm with the means of fractional algorithmic trading to cause chaos and that usually costs enough money to make trading at these levels unprofitable.