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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (202781)	8/22/2011 4:41:56 PM
From: Boolish	2 Recommendations Read Replies (1) of 313732

TAK.... house 46 which is Macquarrie working an iceberg buy at .185....for now they are backstopping the trade. According to TMX there is an insider bailing...although it may not be an officer.. The sites accuracy is sporadic at best... L II massive offers like that make me want to be a buyer. These guys know we are all looking at the same data...nothing but the pro's left anyway...not the way to sell paper if one really looking for a fill. So they stack the offer and pick em up on the bid. No doubt anonymous still got paper to sell but it's a pretty good mexican standoff from .185-.20.... I wouldn't read too much into the offers. In these weak markets I've seen it more and more where all of a sudden the offers just vanish. tmxmoney.com I took a little down at .185 when I saw Mac backing it.

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