There is speculation on the Raging Bull thread that this stock is setting up to be played.....read this interesting analysis of today's trading activity:
"I also agree ..KNOWITALL.. Get a look at this..
Iagree that it will be played...more.
The Day Trader, from my blow by blow real time ticker/chart/ect., STILL shows them doing it. Do
any of you 'Bulls' have /or watch the 'real time charts ect from NASDAQ The buy, sell ,
sold by, and size of shares lots????
Would like to know how they are bouncing it. Hope its not tooo boring as most of this day was on
the TSE. The Scoop as I saw it..
It stalled many times to-day. Had lapses of 2-3 minutes with either no trades at all, the lowest
was.... to many notes, can't find the page ,all 16 of them. It was either 3 or 4. Quite a change for
our canadian traders. They , I assume, could not make up their own minds as to what to do. The
largest gap took place between 13:47 -!3:49. Up until today, they have played BII like a fiddle. All
they have been doing that, .. every time when they cannot squeese an other dime out of the bids,
,they just keep the motion up by Dropping some large share lots out at a higher or lower bid +
-,... whatever it takes to 'bounce' it.
During the last 15 minutes of trading, when it ran a straight $19.00,They again were not selling
.There were pages and pages ,of nothing more than lots between 100- 500.
shares. Most just 100 -300. They must havebut the fear of God into one share holder. He sold a
wh oppin 17 shares!!
..for what its worth... Midland...during a period, even prior to the last 15min, gathered up 47000
shares in 10 seperate transaction ***sold one lot of 4800 during this time . That left them with
42600 x at betwen 18..90 +19.00, with a couple at 18.50 /18.40 range.
Soooo .. Midland spent 42600 x 19.00 => $809400.00! [ Canadian Rubles}
Nesbitt... did the deed faster.. with in the same time frame, they made only four transaction, for a
total of 21000 / 2000 @1 8.75/ 2000 @ 19.00/ 4100@18.45/ and!!!! 15000 shares @ 21.10!!
That was their first buy. If they waited another second or so they could have saved{ @1.10} --
-18.45 => $2.65 a share.That would have been 2.65x 15000 = $39000.oo BIG ONES better off
eh.
Green line { TD bank of toronto} 17000 x18.60+ - => $319600.00. They were in lots of around
3500 -4000 .
A company called just.. GOLDMAN [is that you Gold Bug??] don't be shy now./ bought 14000 x
an average of 18.80 => $263200.00.
DS.. bought 25000 in 13 seperate deals from as low as1000 -6200 size lots They spent
25000x18.75 + - =>$ 4478125.00
I,ll stop there for the other 5 -6 are not so large amounts but , but plenty more were purchased in
this price range..
One other thing , at 11:23:24 , Canaccord, threw 10000 shareout at $20.75. to give the system a
'kick, because, all the bids prior to that, were trading at $20.00 +-. It had been a long boring run
of a zillion 19.95 to- 19.25 ect trades...... So at 10000 at 20.75 i thought ..it worked. It did ! It
started.like... right now!.. at $20.90{2000shares} and continued to bouce it up to the next peg of
$21.00. It stayed there from 11:23:29 - a 11:51:52.. where it went to$ 20.90 and the rest is
History.
Sorry to be so long winded here, but I would like you to see 'the picture' as I did.
Whats it mean?? With a picture of the NASDAQ side would help .. but most likely not.
Nobody with the exception of only a handfu l sold ANY THING. That was not just the above
mentioned ones.. all of the last people trading did the same..the last 15 min. was more or less a
solid $19.00 If i was doing the punting,... not knowing what the U.S. boys will do.. I would think
that they, [whom ever the 'people that put the orders through[ may go for a another crack at
starting a run at maybe $1 -$3 . They did not buy and not sell so as to be able to sell them at less
than they paid for them. Right? That was the ploy for the past couple of weeks. ..until about last
.thursday???
I thought, and posted that last night, and was .....wrongggg.. i have a good excuse though.
[pleeese believe me] ...drop over $4 bucks aday for a couple of days did not help nor , the bad
'market reports'. timing eh ... well I do believe, as of this evening, it is a completely different
scene . NO? YES???
I just firmly believe that as long as they can bounce this, or any other stock, they will & do. I..
again, .. with foot in mouth.. do not think their game has begone. When it does, I believe it will
drag the guys at home with their P.C.s and the many others into getting in on the 'action "
Interesting eh?
Frank |
