Re: House Positions for 3-16/31-08 - Trevor
posted on
Apr 03, 2008 08:47PM
It is difficult to determine which houses were the ones most involved in Short Cover Buying but I would expect TD, Raymond James, and Anonymous were among the top 5 that handled to orders.
What is just as interesting is that the COVERING represents 21.6% of ALL trading for the full month.
cwallace, not to be picky, but there were only 10 trading days from the 15th to the 31th. Recall Good Friday. Also, there were fewer trading days (only 9 in many) on most all other Exchanges in the world due to several regional holidays. Thus, for several of the Venture Exchange Trading days between the 19th and the 25th it would be very strictly Canadian types trading with but a few select traders with Canadian accounts living elsewhere. Also recall that the 15-28 were rather rocky days due to the Bear Stearns and US Fed rate cuts.
So, these Shorts made very good use of the distraction in the Major Markets. Lucky for them but also tells us a lot about their skill in Market Management as well.
Old Joe