It is almost 3pm as I write looking on TMX and the last trade was at 12:46, almost 3 hours ago, since then nothing.
Before 11:45 it was almost minute by minute, so what gives?
Welcome to the doldrums.
I think traders are considering what next. That is why I think the positive bounce we had has run it's course.
Yes of course I could be proved dead wrong before closing time, the sp could go to 40 and close there.
I'm just speculating what next considering that the 3 hour absence of trades must mean something. The change is intriguing.
TMX:
Time Price Shares Change Buyer Seller
09/03/2013 12:46 PM EDT 0.385 10,000 -0.02 007 001
09/03/2013 11:45 AM EDT 0.38 250 -0.03 059 085
09/03/2013 11:26 AM EDT 0.385 500 -0.02 079 001
09/03/2013 11:26 AM EDT 0.385 2,500 -0.02 079 001
09/03/2013 10:56 AM EDT 0.385 1,000 -0.02 039 079
09/03/2013 10:56 AM EDT 0.39 1,000 -0.02 009 079
09/03/2013 10:55 AM EDT 0.39 5,000 -0.02 009 001
09/03/2013 10:55 AM EDT 0.39 500 -0.02 009 079
09/03/2013 10:55 AM EDT 0.39 1,000 -0.02 009 039
09/03/2013 10:50 AM EDT 0.385 3,000 -0.02 001 085