Pinnacle Activity Ticker
The Games People Play on the TSX Venture.
I like to use parables and songs to emphasize a point and the lyrics of this 1960'S song with phrases like " NEVER MEANING WHAT THEY SAY AND NEVER SAYING WHAT THEY MEAN" as well as " PEOPLE SHOUTING HALALUYAH WHILE THEY SOCK IT TO YA IN THE NAME OF THE LORD" http://www.youtube.com/watch/?v=5znh58WITU8 Speaking of playing games a very positive announcement by Intertainment Media Inc was announced today with the commercial version of 040 going on sale which should IMO substantially increase revenue. BUT all of a sudden a BIG WALL of shares went up for sale at 56 cents pushing the stock down instead of up as Nervous Nellies took the bait and sold into the market.and another wall went uip at 54 cents shoving the stock down another notch. WHO WAS SELLING or in reality who was playing games to create the ILLUSION that they were selling when in fact they were buying. When I analyzed the sells at 56 cents totalling 14 at 977,000 shares most were offered by anonymous including one big order at 880,000 shares. When I took a look at who was buying at lower prices it was anonymous doing most of the buying with absolutely no anonymous sell orders being filled. For those that did not get sucked in by these evildoers this may be one of the last opportunities to get in at this level as the next news announcement regarding numbers could put an end to this game.Here is today's announcement. http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30316890&l...
Join Now! It's Free
Test Your Investing IQ
Do you know how smart of an investor you are?
Related Articles & Blogs
Community Talk
Re: The Games People Play on the TSX Venture.
Cudos to you Frank. It can be tempting to take that retirement 'safe' money and invest when you think you have a winner but at my age one can't gamble like he used to! I appreciate your insight on ways to come out a winner in these little guys.holding a core position is key because if it ever goes you have a piece.
now to go work on my swing.
Re: The Games People Play on the TSX Venture.
Hi palmdesert, Most people on Pinnacle are looking at high risk high reward stock. Even as it stands my original investment in this particular stock is now worth 10X plus.thanks to some timely trades, getting in early and always holding a core position. I do own income and dividend producing stocks as well.but the value of my spec portfolio now exceeds the other. Due Diligence and ignoring manipulators games does help sorting out the stars from the dogs.
Re: The Games People Play on the TSX Venture.
Annonymous is an interesting shadow way of buying stock on the venture and has now become a commonly used strategy for large buyers and sellers. Just about any brokerage house can buy through this method so it can't be said forsure if it is the same purchaser or seller. I still don't know how I feel about annonymous buying/selling. I understand why it was created, I just don't know if it is right given the fact that markets are working at becoming more transparent.
Aaron
Re: The Games People Play on the TSX Venture.
Anonymous buying or selling everything? The venture can be a dangerous place to invest or gamble depending on what youa re buying. I stick to just producers.
Re: The Games People Play on the TSX Venture.
I checked just now to see who is trading tghis stock at 51 cents. Surprise Surprise. It is anonymous BUYING EVERYTHGING HE CAN GET HIS HANDS ON. As PT BARNUM said There is a sucker born every minute. Anonymous will shortly try to run it up and pull this stunt over and over again. BUY BUY BUY .