Q: Bear raids, market manipulation, IROC, And the like....
Peter i own some T.ORT (comment if you think it a good or bad investment) last week it had an interesting "flash crash" markets opened and within a few minutes (i am sure you can get the records) ORT crashed to $1.33 from about $2.50. The volume taking it down was supposedly only about 250K shares (not enough to do this damage). 4M shares ended trading that day, IROC (whose side are they on) cancelled or repriced orders to $1.90 and claimed it was a CIBC "fat finger" trade. i believe it was criminal trading using CIBC likely out of country beyond IROC control and related to naked shorting, etc. I've seen this happen before (DNDN was the most famous example just before approval news), from your experience what is typically behind "flash crash" and should i be worried.
Peter i own some T.ORT (comment if you think it a good or bad investment) last week it had an interesting "flash crash" markets opened and within a few minutes (i am sure you can get the records) ORT crashed to $1.33 from about $2.50. The volume taking it down was supposedly only about 250K shares (not enough to do this damage). 4M shares ended trading that day, IROC (whose side are they on) cancelled or repriced orders to $1.90 and claimed it was a CIBC "fat finger" trade. i believe it was criminal trading using CIBC likely out of country beyond IROC control and related to naked shorting, etc. I've seen this happen before (DNDN was the most famous example just before approval news), from your experience what is typically behind "flash crash" and should i be worried.