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Message: Yesterdays trades

Oh I agree. My post yesterday said that the sales by Cannacord were on the ask, not on the bid. Later trades by E-Trade were on the ask. Someone wants out by the look of it. What I don't understand is why they drip them out in such small numbers, the commission would make a significant % of the sale. Having been in MIP.V for 9 months now I see the same thing, it was in the past attributed to an ex-director getting rid of his 8M shares, slowlllyyyy.

Right now there's 23,000 on the ask at 20.5. The bids aren't there, see below:

# Orders Board Lots Bid Ask Board Lots # Orders
1 30 0.175 0.205 46 3
1 80 0.165 0.210 98 2
1 30 0.155 0.215 66 3
1 30 0.150 0.220 74 2
1 20 0.135 0.225 20 1
27 Feb 2008 10:04 AM ET Real-time quote TSX Venture

It could fall back real fast, and often does. Stop-loss sales don't show in the ask, if someones stop-loss kicks in that could cause a collapse but I don't see the trigger in yesterdays sales, unless the first batch of 20K by an E-Trader triggered another trader.

Funny, I was just over at the BMK forum. They have noted some strange trades too, it's being out down to MMs over there.

Rich

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