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Bullboard - Stock Discussion Forum Galway Resources Ltd V.GWY

TSXV:GWY - Post Discussion

Galway Resources Ltd > Two Games Being Played
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Post by SchiffKnowsBest on Jul 04, 2012 6:46pm

Two Games Being Played

We've got one group that wants to keep the share price within reason (Clarus, CIBC, Anon, etc).   Then we have Canaccord playing the short-term game manipulating the price up when there is little volume, then shorting it.  Canaccord is also working CBJ and EOM from time-to-time to try and drive investors in circles.  Our time for sustainable movement is coming, but we need to see a little bit of volume beforehand to know our time is here.  Now there wouldn't be any of the Canaccord rodents posting on this board would there?
Comment by maurizion on Jul 05, 2012 11:12am
This yo yo stock 85C -100C seems to be going nowhere. This could go on for years.  
Comment by oakarbor on Jul 05, 2012 11:19am
With all due respect......nonsense.......too much news to come shortly.......... weeks (at most) not years in this range
Comment by Loiscast on Jul 05, 2012 12:24pm
I agree with both oakarbor and Schiff. Just follow level 2 sell offers to get Schiff's point. Any hint of an increase in the SP majically brings in big sell blocks to stuff increase in SP, generally the same sell volumes at 10,000 and 15,000 repeating themselves. I do not understand the methodology behind that, considering oakarbor's point that once the news comes out the gloves are off on ...more  
Comment by Geef on Jul 05, 2012 2:15pm
Is this not a very risky play in trying to hold down the SP?  Given the hopefully large gap between the current SP price and the expected  one once a game changing announcement is made, I would expect a high probability that a huge mismach in orders would force a halt in trading and a big jump in price on re opening, leaving anyone who is short with a problem. This is especially ...more  
Comment by oakarbor on Jul 05, 2012 2:23pm
I' m guessing it's not that risky if the same entity that is shorting a few million shares down here plans on covering that short with a purchase of 125 million shares at a cut rate price acceptable to battered and beaten shareholders......