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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Comment by apapas1973on Jan 05, 2023 10:17pm
133 Views
Post# 35206028

RE:RE:RE:RE:RE:CNC~BROKER ITG DISRUPTOR ON CUE~THROWING THE KITCHEN SINK

RE:RE:RE:RE:RE:CNC~BROKER ITG DISRUPTOR ON CUE~THROWING THE KITCHEN SINKClearskye, there are 2 reasons why stocks fall. Either something negative has leaked and causes the subsequent downturn or yes it could be manipulated. I can't speak for others but By manipulated, I'm talking specifically numbers. Many people, believe it or not couldn't give a cr@p on any news CNC puts out. When key numbers break in a stock, high frequency trading and technical guys step in. Whether that's to buy or sell or short. In some cases, they will even instigate the break. It doesn't take much especially with slightly lower volume. Even the higher volume with CNC isn't high. Bottom line once that support or resistance breaks, it becomes self fulfilling. People take the trade because others do the same. They jump on that bandwagon. THIS IS A NUMBERS GAME NOW.  Fundamentals do not matter until proven with CNC. When we broke above 185 ish, why did we hit 218 and reverse? Because  It's self fulfilling. The technical guys knew the next level and were the first to step in and help drive it to the next resistance level. They take their foot off the gas and take some profits allowing it to walk down. Once it drops to the support level, they sell or sell short  and with some volume break that support level on the way down causing it to drop. Meanwhile they have a buy order further down. GLTA
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