What to say? This Half Cent Tango down (too often) is like death by a thousand cuts. If you are noticing it, others are too and so are the computers and to their advantage. This kind of seemingly malignant style trading has been going on for at least a few years. Is it just retail? Is it just computers recognizing patterns? Is it part of both? Is it something else? In truth, I have no idea.
Please remember, I have been able to conclusively demonstrate that share price and news have almost no correlation until it does, i.e. Deep Pockets get involved and Big Time. We wait for that to happen and hopefully soonish well before the warrants come due in February 2021.
n.b. Once Deep Pockets get involved any malfeasance by my hypothetical goon squad will get swept away.
Integral Wealth (017) actually did a good job steadying the market today, which went as low as $0.265. Keep in mind 017's method is to trade on the TSXV only. You will note the last ten trades were all on the alternate exchanges at $0.27. The goon squad was trying to create a lower close than the official one of $0.275 on the TSXV (396k; 396 was a terrific GM hot rod engine in the 1960's; 97k Germany; 35k US).
This week is going to be a dead one for SVA with American Thanksgiving tomorrow. Further, we are well into tax loss selling season.
It's funny, one BB poster who is very good at jerking people's chains to get a reaction (i.e. attention) has floated a rumour of a low ball takeover offer. As is usual, he just throws the off the wall idea out to see what develops so that he can reply to the tempest in a teacup that he has created.
In a subsequent post, he trips himself up when one poster asks him to sell and move on. He says there's insufficient volume implying that he has a large holding... totally incongruous how he bashes the stock incessantly and then implies he has a very large holding that the day to day trading can't handle if he sold it all. My advice to readers of his posts is to never, ever directly reply.One needs to remember that that type of poster will drag you down to his level and beat you with experience.