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Bullboard - Stock Discussion Forum Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Marathon Project is located along the Trans-Canada... see more

TSX:GENM - Post Discussion

Generation Mining Ltd > how-short-sellers-beat-the-system - Recommended reading
View:
Post by AGTCTTWW on Aug 04, 2022 5:19pm

how-short-sellers-beat-the-system - Recommended reading

"It doesn’t take a lot of money to control a stock via short selling on the TSX Venture. As a matter of fact, institutions often hammer stocks via short selling and back up their shorts with warrants they obtained in a previous financing. They often force the price of a stock down to finance the same companies they’re shorting to get a better financing price, or to force a company into a financing arrangement.”

From one of the best articles I've seen regarding short selling in Canada.  I recommend everyone read every word of it.


 
Rainyday, there's actually a term for 'painting the tape':

What is Downticking?

Downticking is when a trader sells stock so that the most recent change in the share price is negative. This is usually done right before the market closes using very small amounts of stock.

And since stock charts only follow the closing price of a stock, you can see how easy it is for a short seller to create a nasty-looking downward chart by spoofing and down-ticking.

These practices are illegal but happen to many Canadian stocks.

 
Comment by Rainyday on Aug 04, 2022 7:46pm
The smaller exchanges and what the article calls a "lack of transparency" is a significant drawback for retail investors. I have often put in an order and seen it filled or substantially filled and not show up in previous trades for 15 or 20 minutes. I have also held back on an order because the volume doesn't appear to be there on the TSX - but it is there, it doesn't show ...more  
Comment by AGTCTTWW on Aug 04, 2022 7:58pm
I had a small GENM buy order go through as DRK on the TSX board recently.  It was my order for sure, the only order at the time and my broker number listed as buyer. It showed up right away, too, no time lag.
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