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