Tuesday, January 25, 2011 9:32:16 AM
I believe Canada recently changed regulations related to Market Makers and their handlings of pink stocks like KATX.
That's all I know.
Perhaps a Canadian poster or two has more data on this and possibly it gives investors more protection.
I'm sorry. Legal or not, I do not consider it ETHICAL what I am seeing on the market maker side. Ethics issues when observed should be reported when shareholders are suffering. If this is happening on NO NEWS, what happens if good news comes out? Short spurt and then it gets squashed? That's sort of what happened on Jan 7th. PR came out with promising data, investor confidence up, pps went up. Then Monday it was right back down.
I don't think we can consider the selling of this stock before results equates to poor results coming out. If anyone knew results were poor and was selling, isn't that INSIDER TRADING? I don't think these sales should be viewed as anything but manipulation. My opinion.
I remember a number of posters went into the usual conspiracy theory about why Ken & Co. put out this PR so late in the day. Maybe it was for US - the SHAREHOLDERS - as market makers got slapped with buys, were caught flat-footed and couldn't react fast enough.
By the way, HDSN is a COMPANY. I noticed someone posted a ticker for the holding corp that didn't look very active. But they are a company with several locations. Here's the website:
http://www.hudsonsecurities.com/
Oh yeah and if you want to give them a piece of your mind, here's the email address:
info@hudsonsecurities.com
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