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Message: Cannacrap and their continuous sells below asking?

Cannacrap and their continuous sells below asking?

posted on Jul 17, 2009 11:34AM

Interesting that Cannacrap is still doing this dance with Union for any orders below 500 shares, but now they are effectively killing any forward momentum with only a few thousand shares as well. I have noticed over the past few days that if National, Scotia or Fraser buy 100,000's of shares and the price goes up 2 to 3 cents, that Cannacrap waits until the buying momemtum slows then offers up 1000 shares at one cent below the current ask then when that sells they offer another 1000 shares at another cent lower. They have effectively killed any forward momentum with only a few thousand shares over the past two days. Can anyone offer up some explanation as to what they attempting to do, besides piss me off - LOL! Regards Paul

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