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Message: This is why the shorts will lose
Both BMO and Comark were appointed market makers for the recent $15M PP to Agnico Eagle + apprx $11M on warrants, if exercised. See MM definition and "how MM's make money" (source- Wickipedia), below. It would seem that the longer that the MM can "churn" the number of both buys and sells while adding to the the total share volumes traded each trading day, the more the ECN's fees they earn, in addition to the penny per trade for each buy/sell transaction.  I believe today's volume (tsx only)was the largest volume day in more than 18 months, not counting Alpha/ other exchanges. Since this would seem to be legal ?? The only people people being screwed are retail, with BMO's high net worth clients /BMO and their employer (AEG) gaining additional Prb shares. The only end point of this activity would seem to be the 4month hold period imposed by BMO on ther wealthy Prb pp purchasers. Hence this volume/penny churning will last until the  43-101, expected in Late September. EP , does this make sense?? Peter Ps formatting limited by iPhone from my cottage. Sorry. Definitions: A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodityheld in inventory, hoping to make a profit on the bid-offer spread, or turn.[1] A market maker aims to make money by buying stock at a lower price than the price at which they sell it, or selling the stock at a higher price than they buy it back. Ordinarily, they can make money in both rising or falling markets, by taking advantage of the difference between "bid" and "offer" prices. How market makers make money: Stock market makers also receive liquidity rebates from electronic communication networks (ECN) for each share that is sold to or purchased from each posted bid or offer. Conversely, a trader who takes liquidity from a bid or offer posted on an ECN is charged a fee for removing that liquidity.
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