I will keep reposting this message because there are new shareholders who buy this stock everyday and join a number of existing shareholders who already know this information. My intention is not to spam this board so please if you know what is at stake and how short sellers are trying to stop you out please ignore this post. For those who are new to the stock and who are not familiar with the material below I sincerely believe that taking the time to study the material will greatly benefit you in your investment endeavours. Good luck to all
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Warning for all Canadian retail investors. This stock is manipulated by short sellers and to verify my statement please watch the tape and follow the trading activity related to put and binary options as well as futures and contracts for difference.
Please read the articles below to understand the mechanics of short selling to avoid falling in the shake out trap. American hedge funds exploit a loophole in the Canadian capital markets that allows them to basically walk away with billions every year from hard working Canadians trying to prepare for their retirement. If you have access to a bloomberg terminal you will see how it is done. They place a series of 100 shares or less at decreasing offers until the price drops significantlyhoping to trigger stop loss orders that some unsuspecting retail investors automatically place to protect their downside. Example: I place 15 sell orders at strategic times (when liquidity is very low for example or at the beginning or end of the trading session)
1- sell 50 shares at 4.97
2- sell 50 shares at 4.95
3- sell 50 shares at 4.94
4- sell 50 shares at 4.92
5- sell 50 shares at 4.91
6-sell 50 shares at 4.90
7-sell 50 shares at 4.88
8-sell 50 shares at 4.87
9-sell 50 shares at 4.85
10-sell 50 shares at 4.82
11-sell 50 shares at 4.81
12-sell 50 shares at 4.80
13-sell 50 shares at 4.76
14-sell 50 shares at 4.75
15-sell 50 shares at 4.70
By sacrificing 1500 shares at a discount hedge funds can trigger the sale of thousands if not millions of dormant shares owned by naive retail investors who placed stop loss orders on them and that brokers or short sellers are happy to scoop up to cover their shorts and hoard them for when the stock starts rising up again. Rinse and repeat. Short sellers use derivatves like put options, futures and CFD's to manipulate the underlying stock while dodging the scrutiny of most.
Please spread the word to raise awareness among fellow Canadians. What goes on behind the scenes has nothing to do with fundamentals. Home Capital Group was attacked by short sellers in the same manner and their stock went from $45 to $5 and back to $45 within 5 years because the shareholders were united.
Jim Cramer explaining the basics of stock market manipulation:
https://youtu.be/8DJlogbrDcA What is stop hunting?
https://www.investopedia.com/terms/s/stophunting.asp Why Elon Musk hates short sellers:
https://www.youtube.com/watch?v=P0YaJ9lRyC8 Don’t be the sucker they think you are. To take your money is a fun and satisfying game to these guys:
https://www.youtube.com/watch?v=rsXxyn08DbU Short and Distort: Bear Market Stock Manipulation:
https://www.investopedia.com/articles/analyst/030102.asp Market manipulation is real
https://www.forbes.com/sites/johntobey/2021/02/01/stock-market-manipulation/?sh=2e810dde7eb2 How The Big Players Manipulate The Stock Market:
https://seekingalpha.com/instablog/2918951-g-hudson/1026551-how-the-big-players-manipulate-the-stock-market Anatomy Of A Short Attack:
https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack Naked Short Selling: The Truth Is Much Worse Than You Have Been Told:
https://oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.html Scotiabank Fined $127 Million for Price Manipulation, False Statements
https://www.wsj.com/articles/scotiabank-fined-127-million-for-price-manipulation-false-statements-11597877100 Citigroup Fined $45 Million For ‘Dishonest’ Decade
https://news.bloomberglaw.com/securities-law/citigroup-fined-45-million-over-regulatory-breaches-in-h-k JPMorgan Agrees To Pay $920 Million in Connection with Schemes to Defraud U.S. Treasuries Markets
https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us The interview where Jon is roasting Jim Cramer for a leaked video (
https://www.youtube.com/watch?v=8DJlogbrDcA )
https://www.cc.com/video/fttmoj/the-daily-show-with-jon-stewart-exclusive-jim-cramer-extended-interview-pt-1 https://www.cc.com/video/rfag2r/the-daily-show-with-jon-stewart-exclusive-jim-cramer-extended-interview-pt-2 https://www.cc.com/video/gliow5/the-daily-show-with-jon-stewart-jim-cramer-pt-3