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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > today manipulation
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Post by sigs on Jun 30, 2011 2:07pm

today manipulation

Manipulation from going on today, ramp up, pull the bids drop it on low volume, fill some big orders, think I saw couple 50k and 100k. Pretty frustrating indeed. It was just pointed out to me that this is probably being done by "Dark Pools"
Something that some of you should read if you want to understand the dynamics of what can go on here.
https://www.portfolio.com/news-markets/national-news/portfolio/2007/07/06/Dark-Pools-Grow-Scrutiny-Does-Not
This will probably frustrate you.
Comment by ark88 on Jun 30, 2011 2:12pm
Yes, it's called Alpha Group here. Very disappointed that the TSX/LSE thing didn't go thru.
Comment by sigs on Jun 30, 2011 2:23pm
Same, I heard that last night and was quite disappointed myself. We could go on and on ranting about that.I don't really fully understand how the dark pool (alpha group) works though, maybe you could explain it better. 
Comment by ark88 on Jun 30, 2011 2:27pm
Basically, it's a cartel, totally opaque. Never issue market orders on the TSX or the Venture.
Comment by LuckyBuddha on Jun 30, 2011 2:29pm
This is disheartening.  How can the average retail investor stand a fair chance?  I've just started playing the stock market about a year ago and I sometimes feel like I'm being taken for a RIDE!  I've watched some stock and their price movement and am convinced that the SPs are being manipulated by institutional players.  Since the stock market is a public market ...more  
Comment by ark88 on Jun 30, 2011 2:55pm
LuckyBudda,Yes, it is very disheartening. In fact it's gotten worse over the years and it'll probably get worse. The advantage that the retail investor still has is patience. These big boys are constrained by artificial quarterly, yearly results. If you've bought CMK, be patient. Our day will come. The big boys are at it again today. Time & Sales ...more  
Comment by sigs on Jun 30, 2011 3:04pm
Found this interesting read for what it's worthRISK TO OWNING MINING SHARES IS ACUTE IN THE CURRENT CORRUPT ENVIRONMENT. THE RISK EXTENDS TO THE CANADIAN FINANCIAL MARKETS, WHERE NAKED SHORTING IS PREVALENT. THE EVIDENCE BUILDS. A personal comment. Since February 2008, my advice has been to subscribers to go long in SILVER metal, either bullion accounts like GoldMoney or coins held ...more  
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