Interesting late day activity......
posted on
Apr 22, 2016 06:31PM
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.