Zonte Video - February 19, 2024

Zonte Aug. 10, 2023 Video

Performance 2009 to 2023 (compound annual)

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2 months 1 week ago #129552 by ron
ron replied the topic: zonte metals
Save Canadian Mining’s goal is to have a securities trading rule known as the “uptick rule” or “tick test” reinstated.

investingnews.com/daily/resource-investi...ct-retail-investors/

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2 months 1 week ago #129551 by ron
ron replied the topic: zonte metals
I'm wishing the shares price to go over $0.105, guess will have to wait the next news release.

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2 months 1 week ago #129550 by Gambler
Gambler replied the topic: zonte metals
ron, you got your wish pretty quickly. The other platforms have little offers today and yesterday and little bids. They probably have a good short position. I hope they have to cover at a loss this time

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2 months 1 week ago - 2 months 1 week ago #129549 by ron
ron replied the topic: zonte metals
Wondering if the share price will print $0.105 or plus today, we need to see momentum ?
Last Edit: 2 months 1 week ago by ron.

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2 months 2 weeks ago #129548 by goldenboy
goldenboy replied the topic: zonte metals
Alex, the problem is they don't have to report the short sales. And Ron great find, note this piece.

"Via IIROC:

“The “short-marking exempt” designation is required to be applied to orders for qualifying accounts of arbitrageurs, market makers and “high-frequency traders” that typically generate a high volume and speed of orders on a fully automated basis, may have orders on both sides of the market on various marketplaces at the same time, and that adopt a “directionally neutral” strategy such that generally, the position in each security in the account is flat at the end of the trading day.”

In other words, as long as a firm adopts a “directionally neutral” strategy, such that generally, the position in each security in the account is flat at the end of the trading day, it doesn’t have to declare the short sale."


And if they cannot cover their short sale in a few days, they just shuffle it to another market maker. These are the Canadian Banks, other big brokerage and institutions as well as US market makers. And since they don't report the short sale, the regulators do not know if they have a neutral strategy

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2 months 2 weeks ago #129547 by Gambler
Gambler replied the topic: zonte metals
Yes Ron, excellent find. Here is yesterdays trade summary, about 40% on other platforms.

RBC did pretty much all the buying yesterday and RBC uses NEO. Another thing they do is split the bid so retail investors do not see actually how big the bid is. This morning RBC is bidding 12.5K and NEO is bidding 12.5K so probably half the RBC bid.

I have only seen this on bids but not offers? It makes the stock look with with less bids

Attachments:

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2 months 2 weeks ago #129546 by alexgreat
alexgreat replied the topic: zonte metals
Ron, that was an excellent find, it explains many of the issues. Too bad there was not current data on the amount of shorting, because I am certain it is way higher than it was 10 years ago. Since then US trading firms have come into the Canadian market to take advantage of this and short the hell out of TSX and TSXV stocks.

The US is about 80% to 90% of the trading volume in Canada. Just check volumes on Canadian stocks when the US has a holiday and we do not, you can see the plain truth

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2 months 2 weeks ago #129545 by ron
ron replied the topic: zonte metals
Good post Hoss,

Canada’s Stock Market Manipulation and Transparency Issues

Canada’s equities market is like any other exchange in the world. It consists of buyers and sellers that exchange goods – in the case of the stock market, securities. But unlike many other places, Canada is at a major disadvantage. Here’s a look at why Canada’s stock market is failing.

www.equedia.com/canada-stock-market-mani...transparency-issues/

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2 months 2 weeks ago #129544 by alexgreat
alexgreat replied the topic: zonte metals
Thanks Hoss, many people will say $0.5 cents no big deal, but if you consider 200M on TSX trading volume a day and 20M on venture, this works out to potentially $110,000 per day on this spread and all done with computers.

Just another way the banks skim money off of people in this Country

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2 months 2 weeks ago #129543 by Hoss
Hoss replied the topic: zonte metals
Guys, I looked into these platforms quite a bit but some time ago. They are best described as dark pools and their main purpose is to hide trading.

"A dark pool is a private exchange that allows investors to trade securities while providing them anonymity. These types of exchanges are usually preferred by institutional investors who want to avoid getting front-run or allowing the wider market to gain information on their trades. While they might sound shady, private exchanges are completely legal in the United States and regulated by the SEC."

tokenist.com/investing/dark-pool-trading/

It is harder to find info in Canada, I found most by searching individual platforms. GB you are correct, for example NEO Exchange is backed by large institutional investors such as OMERS Capital Markets, Barclays and CI Investments.

The CEO said in his sale pitch "Aequitas NEO receive more reliable quotes than on the TSX. Aequitas argues that on exchanges where high-frequency traders have an advantage, orders placed by regular investors at prevailing prices are often cancelled in milliseconds by these speedy players who detect slower participants' activity. As a result, liquidity that appears to be available can vanish in an instant."

Here is a TSX news release on Alpha and Alpha Dark
www.tmx.com/newsroom/press-releases?id=1161

Here is an old news article from the Globe that says Alpha is owned by Canadian Banks and they were saying alternate platforms were about 30% to 35%.
www.theglobeandmail.com/globe-investor/t...stem/article1214835/

However, now they are over 50% and the other big way Canadians are getting fleece, we can only enter orders by 0.5 cents on cheap stocks. That guarantees these platforms and market makers 0.5 on a trade.

For example, in the US, I could enter an order for Zonte at $0.10253 or any fraction penny there of, in Canada I have to go $0.10 or $0.105. The better pricing they talk about on the Canadian platforms is for the big guys only

Kind of long, hope it helps. My conclusion is these are proven bad news for retail traders, because there are 2 sets of rules

And GB, I agree no data on Canadian shorting is pitiful

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2 months 2 weeks ago #129542 by goldenboy
goldenboy replied the topic: zonte metals
Pasta, I have seen the same with my orders. The point is that it is the market makers and banks making the choices and not us. Too bad it is not a combined platform, because only the market makers, banksters and maybe elites get to chose and use these other platforms. We cannot route orders there. Even my full service broker knows little about these platforms. I do know some of them are owned by banks or banks have part interest.

Most retail traders do not even see these orders go through.

We need transparency, on US stocks I can check everyday on how many short sales there were. We can only guess and surmise in Canada. We get a report every 2 weeks and most have already covered by then. A snapshot twice a month is useless, same thing as a broken clock being right twice a day.

The one thing that is fact, is the TSXV is the worst performing stock market in the world. Something is wrong

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2 months 2 weeks ago #129541 by Pasta
Pasta replied the topic: zonte metals
When I sell or buy my order goes through the other platforms and sometimes not. Its just the way the trading platforms work together. There is no distinguishing between shorts and other platforms. All platforms should be treated as one combined platform of trading because that's what it is.

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