Manipulation ou inaction (market manipulation or inaction) Re: Manipulation ou inaction (market manipulation or inaction)
in response to Manipulation ou inaction by moi
posted on Jan 29, 2021 10:06AM
When the stock market in general goes down I can understand that there is a downside for PYR as well. But when the stock market goes up the next day, I expect my company to pick up.
Either the manipulators are working hard since they sold at 5.39 and above last week to bring the price down OR either the market maker (MM) is not doing his job right.
You have to tell me ...
It's frustrating ... PYR is a company with huge potential and WITHOUT DEBT and with a backlog of $ 40M and we get messed around like that ...
Disappointing ...
Based on Google translate of the above ...
Its not the marketmakers job to prop the price up, just to help provide liquidity and somewhat ensure a stable market. They don't keep the price up or push it down.
That being said. I def feel like its being manipulated the last 3 days based on market factors elsewhere.
It's so frustrating to see such a walk back but my personal stance has been the following:
Theres no point acting on speculation here. The last time I tried to sell with the intent of rebuying low I sold $2 after owning 60c and watched it go to $6. Literally the difference of retirement or not retirement for me in 2-3 months. So this time i'm not attempting any flips or playing around on speculation or acting out of external factors. I'm holding for $10 + now before I sell a single share.
What I know is this: Nothing has changed at PYR or HPQ towards the negative side, external market forces are at play probably causing some people to sell, and chase elsewhere or sell to free up liquidity to cover margins if they are in that position, or they are just impatient with latest developments and news and the stock not moving.
There are several catalysts coming in Q1 so regretably I just have to sit and bite my nails, and distract myself with the other sh*tshow thats going on US side while this sits pretty.
ARK is still accumulating PYR day to day as well.
The NCIB is in place if the price drops really low. The last time the NCIB was used to buy in the 70's and the shares were canceled. Then Peter was able to raise 3.60 and reissue in the latest placement. He totally added almost $3 of cash per each one of those shares to the PYR war chest. Effectively a buy low sell high manouver perfectly executed right in plain sight.
The only thing that worries me is the uplist to NASDAQ and general market instability currently. It might be a flop short term like the uplist to TSX was. But now look where we are. This crazyness on the US side will sort itself out within a month or so. Focus will be back on SPACs and S&P500 will be 400 lol.
EDIT: Not a recommendation to buy or sell. Do your own DD.