Anonymous trading GENM todayAnonymous made 9 board lot trades so far today (11:50am), each time selling the bid and six of those trades were #1 anonymous to #1 anonymous trades.
These trades are fully responsible for the price drop, there were virtually no other trades.
I'm thinking of writing to the authors of this web page today suggesting an edit.
https://www.investopedia.com/terms/a/anonymoustrading.asp
While it is true that anonymous trading is par for the course and not something to usually get upset about, there are instances, like what is happening to GENM today, where this statement is simply not true. It should read (my additions in bold):
Retail traders _do sometimes_ need to concern themselves with those trading anonymously, especially when dealing in low volume small cap stocks with wild price swings and illogical price drops, as these stocks can easily be manipulated. However, since they typically don't have a significant price impact and other traders aren't particularly concerned with smaller one-time orders, one should look at the overall daily trades to access their impact.
With anonymous accounting for 87% of all GENM trades on the TSX today, this bizarre trading is definitely of concern for me, especially considering the outsized effect on the stock price it is having vs. the total float of shares available for trading. It may be worth contacting others about these trading patterns (and potentially linked to bullboard posts.)
Now that TOOM is spooked, walking back his comments and attempting to change his behavior to cloak his true intentions, let's see how much he's willing to lose today (including anything left remaining of his dignity.)