Manipulation...
posted on
Jan 29, 2008 05:40AM
I've been watching the level 2's this morning and it seems like there is some serious manipulation is going on. I guess thats what happens on lower volume days, what can you do?
Just when the stock starts ro recover and show strength it gets hammered back down by market selling and they throw an umbrella full of shares on top of the new low for good measure.
RBC seems to be the main culprit today (with TD as a close second), driving all the shares into the hands of National Bank and eTrade. Has anyone else noticed this as well?
It almost makes a guy want to trade the volatility but thats a very dangeroug game. One which I don't have enough experiece to win at unfortunately. :(
By March/April these rocky times won't even be a spec in the rearview mirror IMHO.
cheers.
Gamblor.