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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Fund selling @ $.65 today?

Fund selling @ $.65 today?

posted on Mar 06, 2009 05:19AM

It appears that the fund that's been dumping the last couple of weeks by setting up a large bid just below what they're trying to sell at, has chosen $.65 as the selling point today.---As soon as someone dropped a 5000 ask at $.67, after $.67 was wiped out, a large sell order drove the price down to the $.65 mark, which has been added to, twice after that was taken out.----Assumming it's still Cannacord, ( the brokerage that's been used in the last while), we may be sitting at this level until the fund has liquidated the desired amount.---CHEERS!!!

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