Home Capital Group Inc T.HCG

Most of the traded volume is jitney related

[YassineNoBS]

Hi there, I checked the daily chart, the daily total volume compared to the breakdown of individual transactions and it seems that most of the volume is wash trades (the buyers and the sellers are the same or related and they place matching  for the same price and volume to boost the daily volume and give  the impression of market interest). In short jitney trades are made to make you believe there is an appetite for selling and entice you to follow suit and sell (herd mentality) so that those behind the trades can scoop up your shares at discounted prices. I have been saying since the stock  was under $5 and I will keep saying it this stock will go above $35 (at least) given the fundamentals, the short squeeze potential (or certainty should I say) with over 7.5 million shares that mist be bought back and fewer shareholders willing to sell below 1.5 times book value.
https://www.investopedia.com/terms/j/jitney.asp

[davidaud]

An important fact that your readers should know. With their total trades now enacted, these brokers no longer pay brokerage fees. As a result they can have multi trades between related companies (particularly overseas) for huge numbers of low level trades to create the sense of falling prices.