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Message: Some observations / opinions

Good  point  about the   small block  buy near  close..... But I  think  it  is  more  of a  war  of  wills  as the  bashers constantly do the  same  thing on the  sell  side.

Your comment: "Follow the trading for a while and you will find that at various times of the day as well as at closing if the situation exists where the ask is higher than the last trade Ie: last trade 26 so price 26; bid 26 ask 27 then there will be a block of 500 shares purchased by CIBC to make the price 27. "

 

The  stock  may trade   large blocks in the   27  range....  The  bids  moving  up to take  out  the  buys at  .27......  usually  right  after  this  happens, if the  bids are  thin,  TD  or  RBC  will come in  and  hit the  bids moving the  price  down to  .23  last  week  for  instance....... Just 20 min before the  Dominick  cross.

Pay close attention to the  times.... and  who  sold!

2008-01-22 09:33:41  0.23  -0.03  5,000  7 TD Sec  2 RBC 
2008-01-22 09:32:38  0.23  -0.03  12,000  7 TD Sec  85 Scotia 
2008-01-22 09:32:38  0.23  -0.03  10,000  33 Canaccord  85 Scotia 
2008-01-22 09:32:38  0.23  -0.03  3,000  9 BMO Nesbitt  85 Scotia 
2008-01-22 09:32:38  0.23  -0.03  10,000  7 TD Sec  85 Scotia 
2008-01-22 09:30:09  0.245  -0.015  5,000  54 Global  85 Scotia 
2008-01-22 09:30:09  0.245  -0.015  2,000  54 Global  14 ITG 
2008-01-22 09:30:09  0.245  -0.015  6,000  88 E-TRADE  14 ITG 
2008-01-22 09:30:09  0.245  -0.015  1,000  54 Global  7 TD Sec 
2008-01-22 09:30:09  0.245  -0.015  2,000  54 Global  7 TD Sec  KL 
 

Whoever  decided, to sell was  obviousely  privy  to the  cross  coming  down, and  together   they   moved the  price  to .23.

2008-01-22 09:55:28  0.23  -0.005  3,000  7 TD Sec  31 Dominick 
2008-01-22 09:55:28  0.23  -0.005  5,000  7 TD Sec  31 Dominick 
2008-01-22 09:55:28  0.23  -0.005  20,000  85 Scotia  31 Dominick 
2008-01-22 09:55:28  0.23  -0.005  3,000  7 TD Sec  31 Dominick 
2008-01-22 09:55:28  0.23  -0.005  10,000  79 CIBC  31 Dominick 
2008-01-22 09:56:10  0.23  -0.005  259,000  31 Dominick  31 Dominick 
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