saw this postred on SH thought it might be useful to those who are not familiar with the market

The Crime of the Century”
Practices used by Canadian Investment Bankers to defraud retail investors

Financial institutions have a fiduciary responsibility to look after their clients.
Unfortunately MANY financial organizations do just the opposite.
They defraud their clients out of their money in ways which are devious and immoral.
They employ various techniques associated with stock trading some of which are listed here.
Canadians need to demand the federal government take measures to identify and punish these individuals and corporations.

Manipulation Techniques used:
“Spoil Your weekend Last Minute Drive Down”:
Last 15 minutes before market close there is a flurry or sell orders todrive the stock down after the stock has had a good up day.
They short sell, naked sell or do crosses between each other in order to affect the stock chart trend.
Typically they take a stock which is up 10% +- and drive it down 10% to affect the weekly charts.

“Last Minute Drop down”:
Last two minutes of trading they do a cross trade between themselves and create a deliberate loss to knock down the stock price.

“Carpet Bombing”:
Prelude to a short selling parade. Out of the blue a large block ofshares begin to crush the stock by driving the share price down 20%(+-) just prior to the financing of a company.

“Morning Pop, End of Day Drop Down”:
They will sell or short into the morning rally and at the end of the day they cover their shorts.

“Drop, Pop and Handoff”:
The handoff (collaboration between houses/hedge funds etc). “A” partysells stock to “B” who sells on another exchange triggering selling toscare investors into thinking the stock is being sold off.
It is designed to create panic selling to “shake the tree” and scareretail investors out of the stock through heavy selling activity.
Look for a large short position in the stock.

“Whopper Offer”:
Abnormal excessive sell block shows up to discourage buying of the stock. They are trying to manipulate the stock price.
People who wanted to buy change their mind. Others sell down.

“Bash and Cover”:
Paid bashers show up on public chat forums to bash the stock by scaringpeople out of the stock allowing them to cover their shorts etc…
Purpose is to create negative sentiment and scare retail investors out of the stock.
They use rumours, false statements and innuendo. They will impune the management board members etc.
Motivation is to put out false information so they can cover their short positions. This activity is very widespread in forums.

The shorting of stocks and naked shorting seems to be the primarymethod these crooks steal your money. We need an investigation withteeth to put these crooks behind bars. They openly brag that theycannot be stopped – that goes to illustrate the extent of the problemand the arrogance of who we are dealing with.

GLTA NOT Longs

Joe