Re: the problem is the HUI and PTB trying to stop advance
in response to
by
posted on
Sep 24, 2010 12:05PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
The company has been very active with the IIROC and OSC in documenting irregularities in share price action as have some of the large shareholders. Files are open and have been for a long long time. But truthfully the regulators are next to useless and of course this gives the manipulators free rein and they use it with impunity.
All hedge fund know they will never be reined in and they just snub their nose at regulators and do as they please regardless of reulations, laws or rules. The only people who fear the regulators are the brokers because they have no recourse when fined and can lose their license.
BTW, the regulators counter that computers trades have no intent to manipulate and only react but I think this is the argument of somone with lesser intelligence and who can't or won't do their job because they don't know how. The hedgies and computer programmers are light years ahead of and by far more intelligent that the civil servants who work for the regulators and they are certainly much more motivated because they see the results of their actions in dollars without consequence.
The only way to have an effect it seems is to buy stock and try to manipulate the computers to your side with a strong consistent bid structure but here most investors fail from their own laziness and complacency and play right into the hands of the hedgies by doing nothing and the regulators because they say look, no one cares.