Post by
PirateEquity on Oct 30, 2016 12:16pm
Anatomy of the latest "head fake" to spike the stock price
This stock cannot continue to trade on the regulated markets without being shut down by regulators for flagrant stock manipulation. Once it's halted, it might never trade again.
Here's why the manipulation is so obvious:
From a public view point, there is something seriously wrong here.
On Thursday October 20th 2016, technical traders both long and short, commented here if you look back, there was unusual activity. Some short daytraders even covered and went long for the daytrade on pure technical analysis but also commended there was no new. Look back on Thursday affternoon and Friday morning, there was absolutely NO NEWS when the stock was shooting like a star. Other stock discussions sites called it a "supernova".
The stock had been trading at the $4-5 Canadian range for CXR earlier on the week.
On Friday, the stock opened very strong at almost $5.50 and the run continued to a peak of close to $7.30 at 11:15 am, again with zero public news. That alone should provide a lot of material for investigators. Since no news had been released.
The stock then came down to $6.67 when it was finally halted at 1:40pm
At 1:55pm the company announced the "half-baked" transition plan. Immediately on the halt being liften, the stock tanked ending below $6 that day having reached over $7 just that morning! It has since continued to tank to close in the $4.70 rage on Friday this week.
TMX reported heavy insider selling on Friday October 21st at the recent highs and most of the past week as the stock was continuing to come down.
It's important to note there has been no insider trading disclosures made in Canada (via SEDI.CA) or the US (via SEC.GOV) The reports are automated "marker" reports by the Canadian exchange as brokers have to "mark" insider trades.
Regulations state that inisders have to report withing 5 days although this appears to be routinely violated by the insiders to possibly try to hide their tracks after the stock was apparently spiked on purposes for short term traders profits and insider benefit as they continues to try to sell "under the radar". Fortunately, TMX insider sales are reported since self-disclosure is dearly lacking which this company.
It's clear that traders that dominate discussions here during trading hours and often after hours, want investors to pile on so they can make a quick profit off the back of unsuspecting investors fooled by hype and well placed rumors. Fundtrader bragging about his daytrading flip of NHC after the fact here but not on the NHC bullboard really shows the type of low life that trader he is.
For investors here this weekend, do not place a market sell order if you are deciding to sell these.
Hold on to your shares until you have assimilated all the facts. We have two more days in which insiders can purchase the stock before Q3 blackout, wait for Wednesday. If insders continue to sell but not buy, consider if you want to hold when insiders are crealy not aligned with shareholders. That never, ever ends well.
If you place an order, do it with a limit to avoid these uncrupulous "fundtrader" "fake long term investors" but really low grade traders from profitteering from your misery.
Comment by
MegaBear on Oct 30, 2016 3:15pm
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