Have no freeking clue what's going on. absolutely no news from the company good or bad..
This is what I do know as of 12.15 PM tsx volume is 2,960.258 Alpha exchange volume as of 12.06 pm 22,872,050..
Short position as of Sept 15----1,381,194
Last night Goldman Sachs made a Market on close BUY order @.47 for 125k shares
There've been many iceburg orders the last being .385..My understanding is that iceburg orders tend to attract the attention of High frequency trading software since most of the action ocurred betwenn 11- 11.25 am with the high volume on the Alpha exchange it could be the trading software.
CLL SP hit .51 the other day when news came out about a land sale ..There was no announcement frpm CLL and SP was driven down..Today could be a short cover in anticipation of some announcement that was put into overdrive by high frequency trading..
Oil is holding above $80 , there's been no news from CLL good or bad--So this is either a short cover prior to a move up or SOMEBODY knows something real bad...
ON a good note..CLL has gone up 2.5 cents since I started this post..It appears to be being walked back up..If it continues to walk up and close near yesterdays .455 bid at close then this could be a whipsaw trade.