People's thoughts on the following theory
posted on
Oct 01, 2010 01:44PM
(Edit this message through the "fast facts" section)
Something is grinding away under the surface and I think it is good. I bought in @ the $2.50 range so am annoyed that the rest of the public doesn't see the same value as I do. They will catch up. This dip seems like an anomaly and (although it is mentioned alot) could very well be a shaking of the tree. For those of you who have L2 on stockwatch have a look at the trading. Though 4 million shares have been traded only a net of 797,514 have exchanged hands. Of that Dundee has picked up 228,600 or about 30%. My take is that we base here and then slowly grind back up with each exchange feeding on itself for small gains. Hell I'm feeling generous, here's the trading history thus far for today:
House Positions for C:QEC from 20101001 to 20101001
House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
27 Dundee | 331,600 | 624,876 | 1.884 | 103,000 | 195,710 | 1.90 | 228,600 | -429,166 |
85 Scotia | 249,313 | 464,108 | 1.862 | 93,300 | 172,789 | 1.852 | 156,013 | -291,319 |
46 Macquarie | 104,000 | 196,220 | 1.887 | 0 | 104,000 | -196,220 | ||
19 Desjardins | 101,955 | 190,669 | 1.87 | 21,920 | 40,696 | 1.857 | 80,035 | -149,973 |
79 CIBC | 971,957 | 1,824,131 | 1.877 | 911,483 | 1,694,139 | 1.859 | 60,474 | -129,992 |
7 TD Sec | 372,870 | 690,150 | 1.851 | 312,762 | 577,754 | 1.847 | 60,108 | -112,396 |
39 Merrill Lynch | 103,300 | 190,257 | 1.842 | 56,900 | 106,610 | 1.874 | 46,400 | -83,647 |
80 National Bank | 147,233 | 274,876 | 1.867 | 125,501 | 233,203 | 1.858 | 21,732 | -41,673 |
58 Qtrade | 12,250 | 22,435 | 1.831 | 0 | 12,250 | -22,435 | ||
42 Global Maxfin | 10,000 | 18,900 | 1.89 | 0 | 10,000 | -18,900 | ||
13 Instinet | 9,850 | 18,124 | 1.84 | 0 | 9,850 | -18,124 | ||
65 Goldman | 9,607 | 17,711 | 1.844 | 0 | 9,607 | -17,711 | ||
44 Jones Gable | 18,900 | 35,932 | 1.901 | 10,000 | 18,940 | 1.894 | 8,900 | -16,992 |
101 Newedge | 14,200 | 26,647 | 1.877 | 6,100 | 11,349 | 1.86 | 8,100 | -15,298 |
124 Questrade | 30,350 | 55,884 | 1.841 | 23,300 | 42,894 | 1.841 | 7,050 | -12,990 |
70 Manulife | 5,000 | 9,500 | 1.90 | 0 | 5,000 | -9,500 | ||
74 GMP | 31,700 | 59,459 | 1.876 | 28,000 | 52,533 | 1.876 | 3,700 | -6,926 |
123 Citigroup | 1,395 | 2,548 | 1.827 | 0 | 1,395 | -2,548 | ||
56 Edward Jones | 1,200 | 2,256 | 1.88 | 0 | 1,200 | -2,256 | ||
25 Odlum | 1,000 | 1,890 | 1.89 | 0 | 1,000 | -1,890 | ||
36 Latimer | 5,000 | 9,250 | 1.85 | 5,000 | 9,150 | 1.83 | 0 | -100 |
6 Union | 20,100 | 36,783 | 1.83 | 20,100 | 37,788 | 1.88 | 0 | 1,005 |
5 Penson | 131,400 | 246,174 | 1.873 | 135,600 | 254,311 | 1.875 | -4,200 | 8,137 |
72 Credit Suisse | 15,000 | 27,750 | 1.85 | 19,800 | 36,036 | 1.82 | -4,800 | 8,286 |
14 ITG | 750 | 1,360 | 1.813 | 8,100 | 14,742 | 1.82 | -7,350 | 13,382 |
60 MF Global Can | 0 | 8,000 | 15,160 | 1.895 | -8,000 | 15,160 | ||
77 Peters | 15,000 | 28,500 | 1.90 | 26,500 | 47,922 | 1.808 | -11,500 | 19,422 |
99 Jitney | 64,500 | 118,753 | 1.841 | 79,800 | 147,143 | 1.844 | -15,300 | 28,390 |
37 MacDougall | 0 | 17,700 | 33,236 | 1.878 | -17,700 | 33,236 | ||
33 Canaccord | 50,800 | 94,287 | 1.856 | 74,000 | 138,365 | 1.87 | -23,200 | 44,078 |
73 Cormark | 0 | 29,800 | 56,024 | 1.88 | -29,800 | 56,024 | ||
1 Anonymous | 275,000 | 509,967 | 1.854 | 318,700 | 583,234 | 1.83 | -43,700 | 73,267 |
81 HSBC | 18,026 | 33,301 | 1.847 | 104,158 | 186,770 | 1.793 | -86,132 | 153,469 |
9 BMO Nesbitt | 376,928 | 699,733 | 1.856 | 594,675 | 1,124,045 | 1.89 | -217,747 | 424,312 |
2 RBC | 586,935 | 1,075,137 | 1.832 | 952,920 | 1,777,025 | 1.865 | -365,985 | 701,888 |
TOTAL | 4,087,119 | 7,607,568 | 1.861 | 4,087,119 | 7,607,568 | 1.861 | 0 | 0 |