Re: I actually like all the positive ..
posted on
Aug 24, 2016 11:52PM
"guess it could be someone dumping their shares..." Maybe , I don't know why now with a buzz in the air & weak sp but who knows, people all buy & sell for different reasons.
When I see houses like Quest, RBC, BMO, CIBC, BNS....all providers with discount brokerage services, I assume there's a better than 50/50 chance that this is activity by a retail shareholder logged into a discount on-line brokerage and hitting the buy or sell button on his laptop or home PC or whatever. I know these same firms also have full services with access to liscensed brokers....so its an assumption on my part.
But when I see houses like #74 GMP trading....houses that I consider to more ''boutique'' houses that cater to high net worth indviduals....that is when I start questioning the activity.
It all comes back to my favorite topic....shorting. I have more than one brokerage account, but they're all with discount brokers. I am able to short with my margin account, however shorting a stock like RVX is not even an option....I am restricted in the companies I can short sell to basically those stocks that are part of the TSX 300 composite....the big and widely held issues in other words.
When I see boutiques on the sell side I consider it to be at least possible that their activity is on the short side.
Anyway its all tea leaves and we shall see what the numbers say when short interest is again updated in early September....on the 6th or 7th.
Or maybe some big announcement will be made before then and the PPS will explode making all this speculation 100% moot....one can dream.