Re: Still adding.....
in response to
by
posted on
Oct 26, 2016 11:44AM
Sorry, perhaps I should have specifed that I'm adding RVX....the stock this board is about. Stochastics both fast and slow are below 20, which suggests an oversold (bullish) indication. Of course volumes are so light that I don't consider the realiablity of the chart to be high.....
As for what I'm doing with my bank. Its my hope that the shares that I'm holding in my open margin account...I am hoping they have been loaned out given that short interest was up to almost 100K as of the most recent update. If they have, then they won't show up when I do an in kind transfer to the new RSP account I am setting up, at least not right away.
I don't want to put the cart too far in front of the horse, its very possible that my open shares haven't been loaned out to short sellers....and that they'll just transfer over easy peasy lemon squeezy. If they don't however then I will take that as confirmation of my opinion that RVX is very tightly held and that the lack of volume isn't neccessarily due to a lack of demand but rather due to a lack of supply.
I bought 500 shares today in the resgistered (TFSA) account I have with another broker, not my bank. The trade confirmation says the buy was executed at 11:16:24 and in checking stockwatch it looks like it was completed on the Omega secondary exchange again.
Is that on topic enough?