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Message: Interesting late day activity......

Just yesterday...over on a certain other board, I remarked that the trading the past few days had seemed to be following a pattern: Moving up early on and into the middle of the trading day, then falling back toward the close. It had my "spidey sense" tingling for lack of a better term.

It looked like the pattern was going to hold, but then someone (I am assuming one person, and I will explain why) stepped up late in the day and we closed just off the day's high.

The last trades of the day:

15:43:38 T 1.32 0.05 2,700 85 Scotia 2 RBC K
15:43:38 T 1.31 0.04 400 85 Scotia 1 Anonymous K
15:43:38 T 1.31 0.04 100 85 Scotia 1 Anonymous K
15:43:38 T 1.31 0.04 200 85 Scotia 1 Anonymous K
15:43:38 T 1.30 0.03 300 85 Scotia 79 CIBC K
15:43:38 T 1.29 0.02 400 85 Scotia 1 Anonymous K
15:43:38 T 1.28 0.01 400 85 Scotia 1 Anonymous K
15:43:38 T 1.28 0.01 2,000 85 Scotia 79 CIBC K

Note that the buyer or buyers is/are using Scotia. But given that all 8 of these trades happened at exactly the same time, 15:43:38....I'm going to assume that its one buyer using Scotia.

That's a buy of 6,500 shares to close the day, with the buys starting at $1.28 and ending at $1.32 spending about $8450 plus brokerage fees.

This type of trading makes me think....maybe, just maybe....maybe someone knows something.

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