Simply, I signed on for Stockwatch (a very good stock info service)'s free trial. This is all Canadian oriented and I notice that even their news bulletins are far more extensive than you get on Canada Newswire, Carlson Online, or Yahoo, etc. You might learn something you didn't know...
Due to BC law, it seems, there is actually BETTER access to info regarding insider transactions (reported ones) than you get on the Toronto Stock Exchange. I mean it's not really a "law" thing but more of a "policy" thing that VSE information is made available on a timelier and more user-friendly basis than you see on other exchanges. Of course the trading and players, much of them, are still corrupt, but at least there is some information flow. Stockwatch has excellent menus with quick access to all relevant info.
I would post it all but in fairness you should probably check out
www2.canada-stockwatch.com
There are a lot of screens and it might take some time to find the right one to register for a free trial to get (almost) a full service level.
I am not really commenting on recent trading activity, more past stuff. These guys are buying and selling options and shares like crazy, in part just to raise cash but probably in part to generate the appearance of activity in the stock. Option, option, option, Sell, sell, sell. Sometimes they buy. Seems to be no rhyme or reason, other than cash flow for the people involved.
Example: Applegath on Aug. 15 1997 sold just over 100,000 shares at prices ranging from .33 to .36. (Still held 980,000 shares or so at that point.) Regardless of what you think of the significance of that, what a low price to start selling out. No faith whatsoever.
I am told that Bob Bishop recommended KLA on his Sept 1 hotline. So this has become a momentum/newsletter play. Of course it is no surprise that this would have shown up as a volume and price leader over the weekend, thus generating more interest Monday a.m. I notice that this stuff is now available even on Yahoo's Canadian Market Digest so the "world" can check out a few humble little Canadian promotions as long as they trade above 200,000 shares or so.
The trading activity (last 10 trades of Friday are reported on Stockwatch, again you can get a full report if you subscribe to their service, not a plug honest!) seems widespread. Who's to know what lurks in the ground but as we all know without promotion even a great mining play goes nowhere these days. Seems to me this one is being promoted. As for insider activity we might know in a few days. What we do know is management & so called staff has granted itself lots of cheap options...various prices, 0.34, 0.18, 0.54, again it's all over the map but I think you get the picture. (Applegate's wife seems to hold some by the way.) They will likely be selling into this rise, as they always do. As I say they have no faith in their own play. Doesn't matter though, if it goes to the moon, they'll still have plenty of options left to get rich off of.
As for myself I am setting tight stops so...got knocked out of the last bit I still had, when it fell below $1.11. Can't be too careful. I might be sorry but that's the way it goes. What if had gone to .60? |
