Friday, January 4, 2019

House Positions for C:APHA from 20190104 to 20190104
HouseBought$ValAveSold$ValAveNet$Net
79 CIBC501,5944,087,9818.15430,8963,508,6158.14370,698-579,366
80 National Bank66,130540,2938.178,10066,0278.15158,030-474,266
2 RBC211,3381,716,8898.124184,8091,506,3938.15126,529-210,496
7 TD Sec378,1393,075,4288.133352,3712,876,1928.16225,768-199,236
9 BMO Nesbitt78,459637,8308.12957,387468,9888.17221,072-168,842
65 Goldman18,202148,4948.1585,20042,3878.15113,002-106,107
62 Haywood9,93681,1778.1709,936-81,177
143 Pershing7,17058,3818.1425854,7268.0796,585-53,655
13 Instinet42,700347,6658.14236,800299,8978.1495,900-47,768
124 Questrade73,469598,7818.1569,551567,0648.1533,918-31,717
39 Merrill Lynch276,7092,263,0928.179273,3692,224,5888.1383,340-38,504
85 Scotia138,8931,129,2628.13137,6501,120,4208.141,243-8,842
57 Interactive1,38011,2258.1346485,2948.17732-5,931
99 Jitney75,500615,9128.15874,800608,0328.129700-7,880
6 Infor1,50012,1708.1131,0008,1908.19500-3,980
101 SG Capital4003,3008.250400-3,300
14 ITG2001,6208.100200-1,620
48 Laurentian8006,4728.098006,5208.15048
36 Latimer1881,5378.1763793,0838.135-1911,546
28 BBS3702,9828.0596004,9248.207-2301,942
25 Odlum02,00016,4108.205-2,00016,410
19 Desjardins21,898178,1208.13426,860218,7908.146-4,96240,670
88 Credential25,967210,2128.09549,837408,7798.202-23,870198,567
53 Morgan Stanley2,80022,7428.12250,700412,5468.137-47,900389,804
1 Anonymous332,1282,711,1508.163501,5284,084,8508.145-169,4001,373,700
TOTAL2,265,87018,462,7158.1482,265,87018,462,7158.14800

The Old Pump And Dump Raged In 2018

The old pump and dump scam has been around since the beginning of time, but 2018 brought two examples of how social media can help bring it on at high speed.
The hype around bitcoin and cannabis stocks helped launch the prices of both way beyond any realistic fundamentals. In the case of the cryptocurrency, there were no fundamentals – just an intangible belief they were worth something. That belief jolted the price of the cryptocurrency by 1,638 per cent from April 2017 to December 2017. Over the course of 2018 it plunged to one-fifth of its perceived value.
Some cannabis stocks weathered 2018 better than others, but the hype surrounding Canada’s legalization of recreational cannabis starting Oct. 17 boosted the sector as a whole (measured by the Horizons Marijuana ETF) by 80 per cent in the preceding two months only to give it all back once expectations became reality.          
By the time both reached their highs the pump and dumpers had cashed out and, in some cases, taken short positions. It’s hard to tell the difference between true believers and pump and dumpers on social media but here are three warning signs that you might be getting played:
  • It can only go up: Advice that doesn’t recognize the risk of something going down in price is bad advice. In investment lingo it’s called “talking your book.” In most cases the advice is coming from someone who owns the security and wants to get everyone on board to move the price higher.  
  • Act now before it’s too late: Creating a false sense of urgency is an old trick to discourage investors from properly researching their purchases.
  • It’s complicated: Many pump and dumpers try to bamboozle their marks with jargon that doesn’t add up. That’s especially true with bitcoin’s pretzel-like mathematical formulas that seem to prove it is the currency of the future.
How bitcoin can have any value is a bit of a head-scratcher even at the current price but that’s not to say cryptocurrencies or cannabis stocks are worthless. Prices of any investment boil down to underlying earnings, and if the earnings can’t justify the price in 2019 – it’s all just hype.  

Search The Web