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Message: Re: any idea...

Dec 21, 2011 11:37AM

>... Soly, why someone would dump a million shares? This seems very odd at this stage in the game.

You seem to be surprised, but I’m not. First of all, it isn’t someone, rather a bunch of brokers elected to remain unattributed, or "anonymous” selling through broker ID 1 Anonymous. The most likely reason for today’s selling is yearend activity for tax purposes. Of course, seeing a market activity like this it does put an extra pressure on the uninitiated.

“Following the introduction of new cross-marketplace regulations in 2001 making order attribution elective in Canada, TSX Markets introduced for its Participating Organizations the option of having a unique firm identifier shown on an order (an "attributed" order) or alternatively, remaining unattributed, or "anonymous." Order attribution for TSX Venture Exchange was launched in late 2005.”

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Dec 22, 2011 03:36PM
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