TSXV:HIRE.H - Post by User
Post by
bandit69on Jan 25, 2021 1:23pm
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Post# 32376714
Classic Thinly Traded Stocks
Classic Thinly Traded Stocks When there is no buying interst in an equity, "iceberg" orders start to appear, then a large volume support "bid" price shows up at a lower level not far from the iceberg. Slowly but surely, day by day, the price drops, icebergs get lower and lower, bid blocks also drop and thus the price drops slowly and controlled.
There was a short position of about 245k shares last I checked, not sure what is is at now because of course that information only comes out 15th and 30th if I remember correctly. Just another way to fleece retail investors by witholding information.
Then all of a sudden, depending which way the controllers, whomever they may be, either pull the iceberg or the support volume...most times it is the short side and support bid volumes....thus causing a price plummet. Or, if the controllers, whomever they may be, pull the icerbergs and add a significant bid volume to support the price if they want it to stay in a certain range all while knowing there is no buying or selling support and the chances of either bigger blocks being bought are low. If they are, another block magically shows up on level II soon after In addition, Canada is well known for naked short selling. Selling shares that don't exist.
It won't surprise me to see a large cross trade show up eventually to enable someone to get in at the preferred price range. I can't say that for sure of course but it won't surprise me. If it does, I will see it and report it here.
Welcome to Canada. :)