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Message: Price Management Back In February

Price Management Back In February

posted on May 04, 2009 03:42PM

Here is an example of how the big players operate and manipulate the share price for whatever purpose suits their needs.

Usaa Mutual Funds wanted to dump 4 million shares of San Gold back in February.

Having a client account with Dundee, the desk at Dundee drove / manipulated the share price to 1.60 and facilitated the first cross for 2,882,600 on February 10th and then a second cross at 1.62 on Feb 11 for 1,123,800 shares.

Feb 10 th

V 2009-02-10 12:03:55 1.60 0.00 2,882,600 27 Dundee 27 Dundee
V 2009-02-10 12:03:55 1.61 -0.02 2,000 33 Canaccord 27 Dundee K
V 2009-02-10 12:03:55 1.61 -0.02 100 79 CIBC 27 Dundee K
V 2009-02-10 12:03:55 1.61 -0.02 2,800 7 TD Sec 27 Dundee K
V 2009-02-10 12:03:55 1.62 -0.01 100 79 CIBC 27 Dundee K
V 2009-02-10 12:03:55 1.62 -0.01 2,500 81 HSBC 27 Dundee K
V 2009-02-10 12:03:55 1.62 -0.01 2,000 79 CIBC 27 Dundee K
V 2009-02-10 12:03:55 1.62 -0.01 1,500 7 TD Sec 27 Dundee K
V 2009-02-10 12:03:55 1.62 -0.01 1,000 80 National Bank 27 Dundee K
V 2009-02-10 12:03:55 1.62 -0.01 5,000 81 HSBC 27 Dundee K
V 2009-02-10 12:03:55 1.63 0.00 300 2 RBC 27 Dundee K
V 2009-02-10 12:03:55 1.63 0.00 50,500 2 RBC 27 Dundee K
V 2009-02-10 12:03:55 1.63 0.00 49,600 73 Cormark 27 Dundee K
V 2009-02-10 12:02:44 1.64 0.01 1,400 2 RBC 85 Scotia K

Feb 11 th

V 2009-02-11 09:42:45 1.64 0.01 5,000 1 Anonymous 141 Bolder K
V 2009-02-11 09:40:48 1.62 -0.01 1,123,800 27 Dundee 27 Dundee K
V 2009-02-11 09:38:42 1.62 -0.01 1,000 54 Global 27 Dundee K
V 2009-02-11 09:38:22 1.62 -0.01 1,800 54 Global 27 Dundee K
V 2009-02-11 09:38:22 1.62 -0.01 1,000 7 TD Sec 27 Dundee K
V 2009-02-11 09:38:22 1.63 0.00 1,000 80 National Bank 27 Dundee K
V 2009-02-11 09:38:22 1.63 0.00 2,200 88 Scotia iTRADE 27 Dundee K
V 2009-02-11 09:38:10 1.63 0.00 2,800 88 Scotia iTRADE 33 Canaccord K
V 2009-02-11 09:38:10 1.63 0.00 2,000 2 RBC 33 Canaccord K
V 2009-02-11 09:38:10 1.63 0.00 2,000 2 RBC 33 Canaccord K
V 2009-02-11 09:38:10 1.63 0.00 3,200 88 Scotia iTRADE 33 Canaccord K
V 2009-02-11 09:37:48 1.63 0.00 1,800 88 Scotia iTRADE 124 Questrade K
V 2009-02-11 09:37:48 1.63 0.00 2,000 58 Qtrade 124 Questrade K
V 2009-02-11 09:37:48 1.63 0.00 200 79 CIBC 124 Questrade K
V 2009-02-11 09:37:48 1.64 0.01 1,000 1 Anonymous 124 Questrade K
V 2009-02-11 09:35:12 1.65 0.02 1,500 7 TD Sec 33 Canaccord K
V 2009-02-11 09:35:04 1.65 0.02 2,000 7 TD Sec 33 Canaccord K
V 2009-02-11 09:35:04 1.65 0.02 100 7 TD Sec 33 Canaccord K
V 2009-02-11 09:35:04 1.65 0.02 1,000 7 TD Sec 33 Canaccord K
V 2009-02-11 09:35:04 1.65 0.02 1,000 1 Anonymous 33 Canaccord K
V 2009-02-11 09:35:04 1.65 0.02 300 2 RBC 33 Canaccord K
V 2009-02-11 09:35:04 1.65 0.02 500 1 Anonymous 33 Canaccord K

At least they didn't dump it on the market.

Holdings/Transactions


2009-04-29 2009-02-28 N-Q Usaa Mutual Funds Trust-Precious Metals And Minerals Fund Specialty & Misc Sold All -4,000,000 -100 % - % History of Usaa Mutual Funds Trust-Precious Metals And Minerals Fund Ownership Of San Gold Corp


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