RE:RE:RE:RE:RE:RE:RE:Further example of manipulationSome good discussion today on the board.
I do think manipulation is occuring. Very clear manipulation. Here is my evidence.
1) In the past for fun, I have made a purchase during the day (when volume was ~5k or less/day) for like 2000-3000 shares. When I went and looked at the trading record, literally .01 seconds later someone from RBC would offload 500-1000 shares at .03-05 cents cheaper. Like give me a break, that's manipulation. And this has happened multiple times (to me personally and many other times to other folks who made purchases). This should not be happening!
2) Look at the morning for the past couple weeks... many times 'Spoofing" is occuring pre-opening bell (30-90min) showing trading prices 10-20% cheaper than previous close. Then magically 5min before open, the price becomes 5-10% higher than previous close. And of course, when the opening bell occurs, the price opens $0.01-0.02 cents of the previous day's closing. That's manipulation and is in theory illegal (well according to IIROC/SEC rules).
3) Keeping the share price in a incredibly tight range. Previously it was in the .50 cents range and now it looks like its in the 1.05-1.15 range for the time being. Look at today... someone from Questrade made the mistake of letting their bid not have a set limit... this ended up pushing the share price to $1.19. Instead of having a natural run upwards, the price was immediately brought back down. That's clear attempts to control the share price and retail investors are adversly impacted.
This stock is being kept in check by traders who are far more powerful than we are. I just hope when we do get news on $/dates, we move up nicely and can bank some profit. But until then, more manipulation of the price will keep occuring (some legal and some which should put folks in jail, as per IIROC/SEC rules... if they actually enforced them).