Re:Jitney
in response to
by
posted on
Jun 20, 2011 10:45AM
The impact of Jitney is evident in the jr market.... Most jr stocks do not have a reason for investors to buy them every day.. That means the volume on those days is light or would be no existant.
What Jitney has done is to force trade many of the jr stock every day, constantly under duress these majority move down... couple this with the light volume and " sell in may and go away" advertising on cnn and bnn they have created a 25% sell off in the Canadian markets.
There is an agenda here.... anyone nieve enough to think they do this for the fun of it is plain stupid.
The whole practice of short selling should be stopped as there are enough controls and limitations in the market to value stocks correctly. This practice results in the funding of every resource stock in a distressed environment resulting in excessive dilution and reduced ability of resources to be brought into production. It is parisitic and results in the transfer of termendous wealth from investors to the big banks and funds controling the market.
What happens when there are no more investors and all the stock is under the contol of the Banks and funds..... We won't have a market, Thats what!
I think we are very close to that right now, as investor chose to remove themselves from the party... the Mosquitoes are just too much to deal with so one heads for cover.