CIBC runs the most algos of any bank in Canada and it has been this way for sometime. I see them everywhere and at all times running their 100-300 share algos for Clients. It's near impossible to find out which hedge funds are behind these trades as thay will never tell you. All the banks run these algos now and they are mosty for Clients not proprietary trading of house accounts.

There is nothing the company can do about it that I am aware of and I have seen no company have much, if any, success dealing with trading patterns of their stock in any market. Markets are not transparent and derivative markets are even less so.

Complaining to CICB will not do much good but if people/companies started pulling deposits and refusing to do business with them because of the algo trading they might at least reflect on the manipulative practises they are associated with. There have been complaints to CIBC on ECU trading in the past as with other complaints to other firms and the regulators, you see the outcome. This have proven a dead end so far just like trying to get regulators or politicians to act. BTW, I'm sure the same hedge funds that used to short ECU are still doing so to Golden Minerals whoever they are. We are only too aware of how effective the short precious metal equites trade has been the last couple years until just recently when it seems to be gathering strength to finally start reversing although stalled out at the moment.

How do you imagine a tiny little junior emerging gold/silver producer could know or do anything on trading in it's securties that have been issued on the market. Your anger would be much better applied to CIBC, politicians, regulators, exchanges, investment firms, etc. I have been down this path so many times as have others I know and in my view it has nothing to do with the company nor can the company by itself do anything other than build the business to the best of their ability in a timely and cost-effective manner.

The only effective thing I know for retail shareholders is to buy stock and place supportive bids in the system to try and off-set the phony offers placed by algo computers. This can have a positive effect but so many people do the opposite and sell shares and place no bids. These hedge fund algos rely on retail, in fact prey on retail investors, to be shaken out and not support their positions to make money.

In the case of long only funds they can do the same as retail but instead they actually loan out their stock for shorting which in the short term can hurt share prices, the long term affect being the stock moves higher when the shorts are forced to cover due to company success. Their rationale is shorting is good because they make a small interest rate on the loan in a stock they want to own because they like the fundamentals which they expect will eventually force covering and a higher return on the shares they own when the shorts realize their wrong.

BTW, today saw a big move backup in gold in what was a low volume equity day with many investors sitting on their hands waiting the outcome of the election before committing more capital. The dollar, oil and gold traded quite heavy and I would expect equity volume follow through tomorrow as the election results declare a winner.