Surge Battery Metals Inc. V.NILI

Last 2 days were a BEAR RAID (see how it works)

[deepoil0808]

Bear raids are nothing more than organized WHITE COLLAR CRIME, that is not enforced by the exchanges.

I will share my story of a bear raid on a stock I had invested in years ago.

There was a company called 'Denderon', under the symbol DNDN on Nasdaq that was a biotech field for prostate cancer.

There were in phase III of trials and results were pending.  It was a binary stock, either it would soar or plunge on the lab results.

The stock was trading at $ 3 per share.   Some were saying it was going to soar and others said that it was going to plunge to pennies.  I took a good position at $ 3 per share.

One month later there was a HALT.    Lab results were in.  No trading for the day.   On the next day, company announced that phase III results were successful.

Stock opens up at $ 21 per share +700%, it swing trades $ 18 to $ 22 per share before ending up at $ 21 per share.

Everyone is happy, everyone is in the money.

The company sets up a conference meeting with investors in 2 weeks.

Stock trades sideways during the two week period around the same $ 21 per share.

Meanwhile the stock is being watched by these hawks, these white collar criminal institutions.   They see a play at DNDN, a possible bear raid.  But when to do it is the key.

Meanwhile naive investors, such as those on NILI these past two days, put stop losses on DNDN, being told that this is a safe way to invest in the market.

What the investors do not know is that everyone who is long is doing this, so there are a bunch a stop losses in the $ 18 to $ 20 per share level, millions of shares to be sold if the price is triggered.   But this information is not available to shareholders so no one sees the danger.

The bear raid criminals see this vunerability on DNDN, all it takes is one big order of say 200,000 shares to start the avalanche.   But they need the shareholdes to remain asleep so they figure that the right time would be during the conference call when DNDN management is speaking.

The day of the conference call arrives.   It is at 1:30pm.    At 1:26pm the bear raid attack starts as investors are sitting on their chairs.

In a matter of 2 minutes at most, the DNDN is under attack by a short seller who drives the stock down to the stop loss levels of $ 20 per share.   At that point the stop losses get triggered but there are limited buyers versus the 5 million shares triggered for sell which even gets bigger as price approaches $ 18 per share.

Stock plunges to $ 7 per share from $ 21 per share in 2 minutes where it is halted again.

The buyers at $ 7 per share were the same white collar criminals that organized the bear raid.

Meanwhile investors are oblivious to this as they sit on their chairs listening to DNDN speak.

When they leave the building, they see that DNDN plunged to $ 7 per share.   They are upset but not too concerned.   Afterall, they had a stop loss at $ 20 per share.   But lo and behold, the broker tells them that there were no buyers at $ 20 per share and, were only able to fill their sell orders at market at the price of $ 7 per share.

The persons wealth was destroyed.   They go in the meeting $ 18 in the money and come out of the meeting having sold for only a $ 4 profit.

But wait, it is not over.

After the halt, the SEC regulators determine that there is no ill play here and that selloff was due to stop losses.

The market opens the next day, and stock opens up back at $ 21 per share.

The only difference is that the white collar criminal is now pocketing the $14 profit which was previously in your pocket.

I say this story because many investors use stop losses and, these are the most dangerous thing to us as any bear raid, like what you saw in 2 days, will plunge the stock.

My hope is that the stock will rebound back up to $ 1.50 per share very quickly.

Next time, NO STOP LOSSES. 

[Marian1983]

That's right, I think the same it will be back very quickly to $1.50

[Larder111]

Yep they definite should have striker guidelines. Not fair for the guy that does his dd on a great company to invest in and gets robbed. Some people invest to hopeful make a little return for their next meal ticket to feed the family .Simply not fair and that's 1 of the reason why they have less players in the game's. 

[Larder111]

Yep they definite should have striker guidelines. Not fair for the guy that does his dd on a great company to invest in and gets robbed. Some people invest to hopeful make a little return for their next meal ticket to feed the family .Sad.