AR volume in USA + Canada = 15.5 million shares exchangedTSX volume was only 6.4 million shares and the volume was almost 2.1 million shares in USA trading but that's only 8.5 million shares? Where does the other 7 million share volume come from? Well if you go to Stockwatch.com you will see 7 million AR shares traded on other canadian exchanges added to the TSX , you get a total of 13.4 million shares traded in Canada. These other opaque canadian stock exchange platforms are a well-kept secret where God knows what kind of white-collar crimes are being committed on a daily basis there..
In my previous post, I mentioned that the short count on Argonaut was probably 50 million shares, but this total is not including the short positions on those opaque canadian exchanges...
We are most likely witnessing a crime in progress as the shorts are most likely covering en masse but not moving the share price up not one single bit... Imagine 15.5 million shares purchased on a gold stock with gold approaching all time highs and the share price goes down 4% !???
There is the possibility that of those 15.5 million shares purchased today, there is the hope that it's genuine longs buying those shares and not shorts covering, but who knows..
These short raids on these vulnerable junior resource stocks are extremely damaging to "Joe Retail Investor" as they absolutely pulverize the stock price in their quest to make big free , easy money!!
It's a big club and we ain't in it!