Allow me an observation.
Only 4000 shares traded in the last 1/2 hour. Of those, only 1700 were at the bid. Last offer was 20 cents away from the close, and only 1k.
Last 3 days, the last 1/2 hour has seen selling pressure resulting in us closing at or near the low.
It would seem that selling pressure has really dried up at this price. I found this particularly noteworthy since the broader markets (US especially) closed near their lows and saw accelerated selling in the closing minutes.
I see TD having two options here. They either take us lower tomorrow, forcing more stops and margin, or they pay up. Hmmm.....shall be interesting!
TD picked up another 60k, or 27k net. That makes 113k net for them, over the past 3 days. I would bet that the institutional order through TD has actually picked up more than that, since the retail trading that factors into the gross numbers for house 07, are more likely to be heavier on the sell side.
Joe
CLOSING MARKET BY PRICE
Bid Orders Bid Vol Bid Price Ask Price Ask Vol Ask Orders
1 800 7.00 7.20 1,000 1
1 1,100 6.95 7.25 7,600 2
3 7,000 6.85 7.30 5,100 4
5 2,800 6.80 7.35 200 1
2 4,600 6.75 7.40 2,800 3
(As of 4:30, those 800 on the bid have not been hit) |
