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Ignatius van Zyl
@naasvzyl
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Not giving any advice, just posting it as I see it. Everybody must do their own DD. NAOMO=Not Advice, Only My Opinion. 🚀 DOES NOT MEAN a financial ROI.
Panama
Joined September 2015
Blaming Scapegoats We've seen how retail and social media is blamed for pumps & dumps. Retail and social media are merely the small fry pointing out inconsistencies in the market. Whales react and exploit those inconsistencies and retail's reward is the scraps from the battles. Retail is the scapegoat and is blamed by the people, who caused the inconsistencies, to direct attention away from themselves. Short sellers are blamed for naked shorting companies. They are the scapegoat blamed for a system that is designed to create naked shorts even if every short sale complies with every rule in the book. The market was originally designed to correct itself, by allowing short squeezes to force naked short sellers to buy and deliver the shares they've sold short. That tool is successfully disabled through exchange price manipulation. The exchange price is manipulated by feeding small completed off-exchange transactions to the exchange, overriding the exchange price. On the charts below it is clear how, when and how much the exchange price was influenced and how little volume was used to do it. It is clear how it affected the exchange by causing trend reversals to follow or support and resistance levels to fail. It is time to look away from the usual scapegoats, retail and short sellers and focus on the real culprits who can override the exchange price with small off-exchange transactions. An off-exchange transaction is a private transaction that was agreed and completed, in private, away from the exchange by choice. No part of the transaction was subjected to price discovery on the exchange. The question that should be asked is: Why is the final transaction allowed to override the price on the exchange? Now that we know the root of all evil, we must identify who can do it: Market makers Brokers through internalization Wholesalers through payment for order flow The simplest and quickest way to stop this evil is block all external transactions from going to the exchange. Those transactions have nothing to do with the exchange and are of no interest to investors trading on the exchange. Any information that may be of interest to public investors is already covered by SEC reporting requirements. As with all my posts, it is not advice, it is just my opinion. You must do your own DD and what is best for you and nobody else.
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@Chadders2607 No, that may be a small retail buy order that they've filled off-exchange for 10c less than the exchange price. The buyer gets best execution because he paid 10c less than the exchange price for his shares.
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$GME #GME closing at $25.99 after a day of heavy price manipulation through off-exchange transactions. In my opinion they do not want the macd on the day chart to to cross to green and will blatantly manipulate the price to avoid it from happening. Have a great evening! NAOMO The chart is at @TradingView on this link:
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The dark pool alone is not the problem. It is any completed off-exchange transaction that is fed to the exchange to override the price: Market maker Brokers internalizing Wholesalers using payment for order flow. A transaction that was completed privately off-exchange has no purpose, going to the exchange, other than to manipulate the price on the exchange.
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RT @TheUltimator5: Lots of large block trade sells on $GME today. No link with options activity, which is suspiciously low today. https://…
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