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16:56
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Originally posted by Limno
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Having had a slight hiatus in my comments, time to make a salient point again. One way to fix the sycophants (shorters) is not to set stop losses. If you match their activity to the price fluctuations, there is a strong correlation between their activity and the price. Whilst short selling is legal, it is highly unethical (does not stop these sycophants) and hurts the small investor considerably. If you take the trouble to look through the pages and pages of trades that are released some time after the event when we have forgotten about the movement, you will see considerable activity around the times of the sharp rises followed by rapid falls. This smacks of blatant price manipulation which IS illegal. The point here is that the shorters have borrowed copious quantities of shares in order not to sell immediately. This is borne out by the number of shares that are listed as 'shorted' (currently around 8.5 million and admittedly in decline) and the actual number that need to be 'covered'. By holding the 8.5 million shares, they are able to manipulate prices by loading up buy and sell sides accordingly. The pattern seems to be sell above around $4.20 so as to trigger all the stop losses that have been set and then gobble up what becomes available as stop losses are hit and then accumulate again and by sheer weight of numbers of shares held, crank the price back up to $4.20-$4.30 before repeating the cycle.
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Hypocritical manipulating criminals there is no other name for these Mother F ****##!!!
(20min delay)