Re: Do not underestimate the ability of large entities to move the mkt
posted on
Jul 28, 2010 06:21PM
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Strike,
Real people don't execute trades for hundreds or even a few thousands of shares when the broker's commision will be nearly equal to half the trade. It takes more than a double just to get even because there's another commission to be paid on exiting the position. I truly doubt these are real trades.
Randy,
I speak from the position of a U.S. investor who doesn't get "cheap" trades on Canadian stocks. Why, if I were a newbie, would I seek to trade a higher commision stock? Why/How would I, if I were a child ever get to trade my father's account a second time? I have shown this absurd trading action many, many times over the course of my postings. How does my child enter my side of a password protected computer? Then how does he enter my password protected trading program? Should he ever accomplish this once I assure you he would never attempt it a second time. Two passwords and my authority over what is mine? No! it would never happen a second time. And why do all these newbies and children pick Tyhee Development Corp.?
Stop struggling for answers! There is only one answer in today's "markets." And boy do I use the term "market's" loosely.
Tyhee is the fiddle. The brokers hold the bow. They play the tune they wish.
Until such time as volume, real volume (2 Million+ shares/day or more at today's price) comes into this market you are either a believer in the gold story and the people at Tyhee or you are not.
I hope no one has put more into Tyhee than they can afford to lose; not because I expect it to lose but because it is a possibility. The banks reason, "If the stock price can be kept low then financing must be done through us with our lovely, destructive, gold gathering (for us) derivative transactions."
Since the banks and brokerages are for all practical purposes one and the same entity, the only way around them is to start small and build on your profits. The whole idea of borrowing big and using other people's money to fund the project which will build your fortune is, more than likely, a relic of the past. It is a current fact that very few entities (even counting the banks) have unencumbered money laying around. Those that have money lying around recognize the only sensible thing to do with it is to buy gold (the metal) as it has no counterparty risk. Once the QE has progressed to the point where the world's, currently off the books "assets," are no longer "under water" (i.e. all assets are revalued much higher to account for the debasement of the currency) some of that money will consider investing in juniors.
Can something positive happen for Tyhee and the other juniors prior to this time? Yes, but it will take a real believer, perhaps a visionary, to part with his cash to make it so.
With all this unsubstantiated talk of forcing Webb to sell going on, it is time for me to disappear again.
Why Dr. Webb reads or puts up with this board is beyond me.
P.