Re: Whiskey Tango Foxtrot??
in response to
by
posted on
Sep 13, 2012 09:11PM
With all due respect, I agree with all your fundamental points here but I do not and cannot agree that a bank such as BMO or any other for that matter is deliberately manipulating the SP here. I find it hard to believe that they are short selling shares here nakedly.
First of all, there were only 150,000 shares traded today. Let me repeat that, only 150,000 traded. That is squat. BMO, as are the other brokers that have numeric codes assigned to themselves in the TMX screens, are just that....brokers! Brokers primarily transact on the behalf of other as well as their own account. Therefore, BMO is most likely not this nefarious entity deliberately shorting PRB shares to sustain the FED/Keynesian Complex. But instead, they are a conduit of which buyers and sellers transact through.
I'm not saying that bankers in general are not killing the free markets with their corrupt business practices. I am saying that in this specific case, there is just not enough buying interest to substantiate manipulation. My grandmother can manipulate a SP when the daily volume traded is a petty fraction of open interest.
Therefore, the problem here is that there is not enough visibility in the retail market of Probe's upside potential to generate momentum for aquisition of shares. Also, as I have mentioned previously, I believe that a sizeable portion of shares is locked up by management, posters on this blog (me included), and a few institutional guys (Sprott, Macquarie) that limits the remainder of shares outstanding to trade liquidly.....hence the crappy volume.
My thoughts..... have a good night everyone.