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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: 8 new wells at Great Divide

Nick21

I posted for the same reason and they won't tell you anything they're not allowed to. However these are considered PRIVATE communications and many people don't appreciate kiss and tell.The biggest problem is people take what they say and twist them to a point that by the time it's posted it's nothing like what was said..If any company wanted their communications public ally posted they'd just post themselves wouldn't they. That said I wouldn't be surprised that some companies post under aliases..

Noticed that there were many Iceberg orders placed at various levels so I started doing some research on High Frequency trading and iceberg Orders..High Frequency trading uses super computers with sophisticated algorithms that search for trends and opportunities thousands of time a second..When they find an opportunity then buy and sell in seconds using high volumes and as low as a 1/2 cent profit. A 100k trade with a 1/2 cent profit is still $500 in seconds and this is repeated thousands of times a day with hundreds of different stocks.

Now Iceberg order are used when an institution want to HIDE large purchases or sales from the general market buy splitting them up into many small orders. This is done to avoid attracting attention and stampedes in either direction. Iceberg orders are usually placed to either move share price lower or higher..

When you add Iceberg orders whose purpose is to influence price movement with super computers searching out trends you get high volume..Iceberg orders are like blood in the water to sharks for High Frequency Computers. IMHO yesterdays volume may have been this combination..I saw Iceburg orders at the low the high and everything in between. So price was manipulated with these orders and lot's of people made a crap load of cash.

Also it wouldn't surprise me to see higher volumes at this low share price simply because day traders can make more money trading larger volumes at lower profit or loss margins.

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