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For me it's a truly despicable way of making money and should be totally banned. Profiting from other's misfortune / misery etc which can sometime lead to loss of life is unforgivable.
With you on that one Whimax...those trades have given me greater confidence...
As the poker saying goes...if you can't spot the sucker at the table...
We just need to hold our nerve......inclined to top up off the back of that...they're certainly putting the effort in...algorithms just ticking over trying to drag it south
Thanks go to jmfw for throwing up the links earlier.
Good chat today tho guys, and somehow I feel even more relaxed about this, knowing now what I didn’t know this morning. This is being worked like a goodun, and for whoever is doing it, the ends will surely justify the means, financially.
As an aside, we are now Blue on Nasdaq lol
Whimax - very interesting digging on the shorts etc - thank you and the other contributors who have thrown more light in this.
This happens in certain situations. Just a fact of life. That's why I never comment on short term share price movements. There is so much going on under the radar all you can do as a PI is focus on the underlying quality of the investment - this always outs in the end.
I'm interested to discover the total 'short' for today. Hopeful that bottom of retrace is behind us (joke in there somewhere) but who knows while 'shorts'/manipulation dictates. However, pretty confident new year will see us much happier.
Thanks again jmfw.
WOW, look at the trading pattern in that!! Got manipulation written all over it. How do they get away with it?
Whimax re yr earlier post. For info the site I forwarded does also include live trades: https://www.nasdaq.com/market-activity/stocks/tlsa/latest-real-time-trades
As you say Greend100, there’s nothing we can do about it. The markets are rigged, but I hope by highlighting it, it gives a few PI’s some answers as to what is happening here, and the wherewithal to hold their nerve in the face of it.
We’ll have our day, but it’s certainly not an easy watch. The fewer people who capitulate the harder we make it for them.
As mentioned before, free float is only 20m (9%) and that includes all the shares held by everyone on these boards.
Hold tight guys.
This is happening now because like sng...stock has become derisked ....while pi's took risk before news....when institutions would not buy...now that it is derisked...they will load up...but only at their chosen prices...hence the big investment banks oblige....obviously the sp will rise when shorts are closed...clients get their price...goldman get fees plus profit from short. Disgusting to say the least.
Whimax...like I said...shorting stock to hold down while certain individuals take positions.....they did it with 3 x motley fool articles on sng, goldman sachs shorted so their client andt Venrock could load up. Unfortunately it has a further negative effect...it tells pi's that no amount of good news can lift the price...hence copd results had no effect. What happens then is 4 -5 weeks down the line price just jumps for no apparent reason. Once again just taking money from weak holders. Classic transfer of wealth
That was my point earlier...you can't swim against the might of that tide, so you just have to go with it. However they will be increasingly taking positions and as the news builds that spring gets increasingly tightened. At some point it will be released and we'll see the sort of week we saw in July...which should be a fun ride! In the meantime go where the current takes us...and try not to worry about it...
Calling it short selling is just a cover for market manipulation. If a firm is deliberately managing an SP to its own or client's advantage it is sharp practice. Years ago Guinness and its CEO, a fellow called Saunders, were found guilty of market manipulation and its still going on. Its no better than a cartel in other industries. Should be banned.
Just noticed a brief exchange on Twitter regarding the Short Selling volumes discussed on here earlier.
If anyone can take comfort from it, apparently large firms like JPMorgan (for example) will short sell a stock in order to keep the price low while they accumulate stock to fill a large buy order. That would certainly explain the large 20-30% short volume %ages in jmfw’s link earlier.
I do take some comfort from this as it shows the lengths some are prepared to go to get a large slice of this.
With any luck they’ll fill it soon and we can move back to somewhere resembling fair value.