Welcome To The Questerre Energy HUB On AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: The future of Nat Gas prices

Re: just curious GOOD NEWS COMING?

posted on Oct 21, 2009 04:10PM

Yeah I was really surprised to see what happened...we were at 2.83 a little while ago. It looks like RBC, CIBC and Qtrade were the sellers, and if I'm not mistaken that's usually a retail account so what I assume and looking at the selling pattern, someone wanted to possibly take profits or a day trader selling out (as they usually sell out all positions close to day end) but instead of putting it up at an ask they just dumped it all and that drove the price right down in a quick fashion. I was watching right until the end real time and were down at 2.58 and with one trade back up to 2.68...someone bought a huge order at the end.

Share
New Message
Please login to post a reply