Josh Crumb explains ABXX trading This certainly put my mind at ease.
14 hours ago Josh posted the following:
"In all seriousness though, be careful if trading our stock out there, don’t use leverage or manage your stops etc, as we’ve had some manipulative & aggressive selling-algorithms on us for a few weeks now, have seen “almost no real money sellers” according to our market market. Lack of buying might be a fundamental signal fwiw, I’m not commenting on the stock price up or down here other than my own personal view and purchases, but the selling has been almost all algo-based and working to manipulate negative sentiment (nice down ticks & off market selling-up between bid-ask, bro!) — and then spoofs big buyback orders looking for capitulators. Canadian small cap markets play dirty in illiquid stocks, sometimes it works and investors or levered buyers capitulate, and sometimes it doesn’t — like in Q4 last year when they tried to crash our financing & then had to cover into no actual real sellers. Anyway, we hope to outgrow all of this nonsense soon enough. But I just wanted to confirm that nothing fundamentally has changed this week and all real investor feedback on our launch and market update has been positive. I hate commenting on this stuff as much as real money investors hate hearing about it, as we can only control what we can control and not worry about the rest, but it was particularly agressive today and I got a lot of calls and heard a lot of bad takes/information so wanted to mention it. Have a great weekend everyone!