TSXV:HIRE.H - Post by User
Comment by
bandit69on May 03, 2021 4:11pm
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Post# 33116305
RE:Canadian Stocks Easily Manipulated
RE:Canadian Stocks Easily ManipulatedEverytime it looks like it'll grow legs a block or two shows up on level II ask. Is it naked shorting? don't know, I am just a retail bum and we are not privy to such knowledge in Canada but, it is a fair question. I was once interested in this one simply because of the board but this one is a massive flop. For a startup, that's an abysmal record in these frothy markets in my opinion and especially when they themselves have stated in past news releases that they have "overwhelming" investor demand. Q1, if they report on time, needs to be somewhat good at very least or this one has jumped the shark in record time.
bandit69 wrote: Finally Canada is taking steps regarding short selling. Specifically, naked shorting.
https://magazine.cim.org/en/news/2021/regulators-to-take-steps-against-short-selling-en/
Illiquid stocks are even easier to manipulate. Just when you think an equity should gain some ground, in comes walls of shares blocking the advance.
I just noted yet again for this one that it looked like it had some skinny legs but then surprise a block shows up and price drops. Is it manipulation? I don't know...ask traders. But Canada has been notorious for naked shorting for years. I worte about it many times in past and finally someone seems to be paying attention. Probably because they have lost money ...hahaha.....
As I mentioned in my last post here by myself, there are over 200k shorted here in an illiquid stock. The short reports, another scam on retail investors since they only come out twice a month, may indicate this position has increased. We will know in a couple of weeks.
There is no reason why
1. the 'anonymous' tag is needed
2. short sales are not instantly shown on trading platforms. And to add, the short report comes out in a piece of junk spreadsheet likely created by a first grader.... on purpose.
Doesn't matter. The results of the short disease on Canadian markets has been apparent for a long time. Especially for illiquid equities.
Investors should be more vocal about this especially to companies affected by it but then, this is Canada, and Canadians are way too passive and it might be considered offensive to peoplekind. hahahaha