Baytex, Crude Oil & Quad Witch Misdrection Baytex devoted longs,
All so predictable. When was the last time crude oil and Baytex did this? It was the last quad witch of 2021, in December.
A lesson in misdirection. I will state it again. Markets are always right. Because they are always right, does not mean there is no manipulation. It is a re-distribution scheme we have going on.
You throw a lot of paper shorts at the market and the price falls, whether it’s crude oil, or stocks, does not matter. All shorts must be covered, and the manipulators are attempting to borrow/short the shares of individual longs, and then make it as painful as they can to hold through the downturn. Those who facilitate this manipulation, need the longs to sell below where they shorted, so they can cover, and re-distribute the shares they borrowed, to their preferred institutions. There is only one thing people need to do. If you don’t help them out, it will cost them in the future. I am not selling any shares, and I let them borrow mine. I did not place a sell order for $30 8-10 trading days ago, so my shares could be loaned by my custodian.
What is really sad, is this sort of behavior is counter productive. What a waste of time and energy. It is white collar criminals, doing their worst, to prove they are nothing more than cockroaches in suits. Yes, the people performing this manipulation are hating me for writing this, because they know I am right, and it might cost them some perceived gains, if only on a small level. My job is to help new people who fall for this nonsense, become wise to their tricks, and make use of the volatility. If you sold 25% of your position 8-10 trading days ago, you could buy back a greater amount today. That is how you make use of volatility. Shareholders who accumulate shares in this manner, also help reduce the free trading float. The game is won, by shrinking the float, and taking inventory away from market makers. If the market makers have no inventory, then they can’t control the price.
All attempts to get me to sell this week are going to provide me with a lot of humor, and nothing more. All the fear that is being spread, will have no effect on me. I see the distortion crowd for the cockroaches they are. I know most people reading this post, see it this way as well.
This too shall pass,
RS
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