We follow Anonymous in and out of stocks...they are the market makers and shakers hiding their activity.
The public are always the last to know about insider buy and sells.
OSC does nothing, I reported an insider at CLL:TSE dumping millions of dollars of shares a few days before the company released their financials , and OSC claims they investigated, but you have never heard anything about that have you?
Even the CEO was dispatched by CLL legal counsel to the Stockhouse Bullboards to try an calm the investors who smelled a rotten insider dumping a load on sheet paper on the market, resulting in millions of dollar in market capital value vanishing within a week and tens of thousands of dollars of losses for investors who got caught holding the dirty bag. The stock collapsed from over $3.00 per share. And its been falling ever since and is now 1.15, so much for oil sands valuations.
Protect thyself is my trade strategy...
Just consider that the biggest Gold Scam in Canadian History Brex, enriched the insiders, fleeced the public, and OSC could not get 1 conviction after a seven year trial. Pathetic.
Bre-X faced a number of lawsuits and angry investors who had lost billions. Among the major losers were three Canadian public sector organizations: The Ontario Municipal Employees Retirement Board (loss of $45 million), the Quebec Public Sector Pension fund ($70 million), and the Ontario Teachers Pension Plan ($100 million). OSC proved it was unable to get a conviction OR protect the public.
Yes...we only hear about the scammers after the fact, consider Madoff and the Earl Jones.
Jones's $50-million Ponzi scam where he never invested a cent of the money he collected from his estimated 158 clients, many of whom invested their life savings with him. None of the money has been recovered.Read more: http://www.cbc.ca/canada/montreal/story/2010/10/27/earl-jones-victim-fund-runs-out-of-money.html#ixzz15Zfs8XFC.
Lets face it the brokerage houses hear rumours and trade before the public all the time.
Two Montreal-based CIBC investment advisers have been suspended after Ontario regulators accused them and a Toronto lawyer of insider trading on several key takeover bids.
Late Thursday, the Ontario Securities Commission laid out the details of an elaborate insider-trading scheme involving Bay Street corporate lawyer Mitchell Finkelstein and CIBC retail investment advisers Paul Azeff and Korin Bobrow over a four-year period from November 2004 to May 2007.
The OSC alleges that, through his practice at Davies Ward Phillips &Vineberg LLP, Finkelstein shared sensitive acquisition information with Azeff ahead of at least four takeover deals, including Kohlberg Kravis Roberts & Co’s 2004 buyout of Masonite International Corp. and Barrick Gold Corp.’s 2005 takeover of Placer Dome Inc. CIBC Traders Charged
Thats illegal insider trading you say.
It happens everyday and OSC does nothing about it. The CIBC case will be one to watch.
Retail (small investors) must find a way to equalize the playing field and house buys and sells tells the whole picture of a stock in any 1 day 1week 1 month or 1 year. Watch who is moving in and out of a stock each day.
Buy and Hold doesn't work. Traders don't buy and hold, they play on rumours, insiders info and technicals. And they hide there trades in House #1 anonymous.
So just watch the brokerage activity and technicals and follow the elephant in and out of the stock market jungle.
Buy when they buy and sell why they sell ... this has worked for us since 1996.
| House Positions for C:BNK from 20101117 to 20101117 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
| 9 BMO Nesbitt | 155,703 | 1,097,634 | 7.05 | 16,122 | 112,763 | 6.994 | 139,581 | -984,871 |
| 121 Jennings | 135,400 | 956,078 | 7.061 | 0 | 135,400 | -956,078 | ||
| 82 Weisel | 301,800 | 2,129,319 | 7.055 | 274,700 | 1,938,503 | 7.057 | 27,100 | -190,816 |
| 14 ITG | 27,273 | 190,504 | 6.985 | 600 | 4,224 | 7.04 | 26,673 | -186,280 |
| 79 CIBC | 116,000 | 814,482 | 7.021 | 95,000 | 665,842 | 7.009 | 21,000 | -148,640 |
| 74 GMP | 15,500 | 108,765 | 7.017 | 2,086 | 14,643 | 7.02 | 13,414 | -94,122 |
| 33 Canaccord | 54,400 | 382,413 | 7.03 | 44,200 | 311,189 | 7.04 | 10,200 | -71,224 |
| 56 Edward Jones | 6,300 | 44,541 | 7.07 | 0 | 6,300 | -44,541 | ||
| 52 NCP | 25,703 | 179,973 | 7.002 | 20,811 | 146,815 | 7.055 | 4,892 | -33,158 |
| 85 Scotia | 13,100 | 91,789 | 7.007 | 9,266 | 65,232 | 7.04 | 3,834 | -26,557 |
| 19 Desjardins | 4,150 | 29,243 | 7.047 | 500 | 3,520 | 7.04 | 3,650 | -25,723 |
| 89 Raymond James | 3,600 | 25,308 | 7.03 | 700 | 4,893 | 6.99 | 2,900 | -20,415 |
| 53 Morgan Stanley | 2,346 | 16,400 | 6.991 | 81 | 566 | 6.988 | 2,265 | -15,834 |
| 101 Newedge | 2,300 | 16,251 | 7.066 | 900 | 6,282 | 6.98 | 1,400 | -9,969 |
| 12 Wellington | 97,800 | 686,122 | 7.016 | 96,900 | 679,125 | 7.009 | 900 | -6,997 |
| 65 Goldman | 570 | 3,978 | 6.979 | 0 | 570 | -3,978 | ||
| 15 UBS | 2,724 | 19,091 | 7.008 | 2,225 | 15,639 | 7.029 | 499 | -3,452 |
| 46 Macquarie | 0 | 25 | 176 | 7.04 | -25 | 176 | ||
| 72 Credit Suisse | 0 | 200 | 1,408 | 7.04 | -200 | 1,408 | ||
| 81 HSBC | 500 | 3,530 | 7.06 | 1,000 | 7,060 | 7.06 | -500 | 3,530 |
| 61 Cantor Fitz | 0 | 1,200 | 8,340 | 6.95 | -1,200 | 8,340 | ||
| 83 Mackie | 0 | 1,800 | 12,582 | 6.99 | -1,800 | 12,582 | ||
| 124 Questrade | 850 | 5,973 | 7.027 | 3,090 | 21,844 | 7.069 | -2,240 | 15,871 |
| 5 Penson | 27,100 | 190,089 | 7.014 | 29,400 | 206,071 | 7.009 | -2,300 | 15,982 |
| 80 National Bank | 21,400 | 150,476 | 7.032 | 28,700 | 201,697 | 7.028 | -7,300 | 51,221 |
| 95 Wolverton | 0 | 7,500 | 52,350 | 6.98 | -7,500 | 52,350 | ||
| 99 Jitney | 15,800 | 110,811 | 7.013 | 27,000 | 189,678 | 7.025 | -11,200 | 78,867 |
| 13 Instinet | 0 | 12,300 | 86,309 | 7.017 | -12,300 | 86,309 | ||
| 2 RBC | 32,345 | 226,610 | 7.006 | 89,220 | 624,843 | 7.003 | -56,875 | 398,233 |
| 7 TD Sec | 50,950 | 356,954 | 7.006 | 115,988 | 816,802 | 7.042 | -65,038 | 459,848 |
| 39 Merrill Lynch | 3,000 | 21,161 | 7.054 | 79,500 | 559,044 | 7.032 | -76,500 | 537,883 |
| 1 Anonymous | 193,600 | 1,360,007 | 7.025 | 349,200 | 2,460,062 | 7.045 | -155,600 | 1,100,055 |
| TOTAL | 1,310,214 | 9,217,502 | 7.035 | 1,310,214 | 9,217,502 | 7.035 | 0 | 0 |