War of wills...
in response to
by
posted on
Jan 26, 2008 09:55AM
(Edit this message through the "fast facts" section)
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!
V | 2008-01-22 09:33:41 | 0.23 | -0.03 | 5,000 | 7 TD Sec | 2 RBC | K | |
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V | 2008-01-22 09:32:38 | 0.23 | -0.03 | 12,000 | 7 TD Sec | 85 Scotia | K |
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V | 2008-01-22 09:32:38 | 0.23 | -0.03 | 10,000 | 33 Canaccord | 85 Scotia | K |
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V | 2008-01-22 09:32:38 | 0.23 | -0.03 | 3,000 | 9 BMO Nesbitt | 85 Scotia | K |
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V | 2008-01-22 09:32:38 | 0.23 | -0.03 | 10,000 | 7 TD Sec | 85 Scotia | K |
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V | 2008-01-22 09:30:09 | 0.245 | -0.015 | 5,000 | 54 Global | 85 Scotia | K |
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V | 2008-01-22 09:30:09 | 0.245 | -0.015 | 2,000 | 54 Global | 14 ITG | K |
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V | 2008-01-22 09:30:09 | 0.245 | -0.015 | 6,000 | 88 E-TRADE | 14 ITG | K |
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V | 2008-01-22 09:30:09 | 0.245 | -0.015 | 1,000 | 54 Global | 7 TD Sec | K |
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V | 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.
V | 2008-01-22 09:55:28 | 0.23 | -0.005 | 3,000 | 7 TD Sec | 31 Dominick | ||
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V | 2008-01-22 09:55:28 | 0.23 | -0.005 | 5,000 | 7 TD Sec | 31 Dominick | |
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V | 2008-01-22 09:55:28 | 0.23 | -0.005 | 20,000 | 85 Scotia | 31 Dominick | |
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V | 2008-01-22 09:55:28 | 0.23 | -0.005 | 3,000 | 7 TD Sec | 31 Dominick | |
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V | 2008-01-22 09:55:28 | 0.23 | -0.005 | 10,000 | 79 CIBC | 31 Dominick | |
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V | 2008-01-22 09:56:10 | 0.23 | -0.005 | 259,000 | 31 Dominick | 31 Dominick |