I think the broader opinion here is that the PPS is reflective of manipulative trading and not actual supply and demand. Check out how much volume has increased on the dark pool Match Now exchange, denoted by the letter M on Stockwatch and referred to as TriAct.
For the past 3 months the volumes on this secondary unlit darkpool have been a few thousand most days, sometimes 0 or just a few hundred. Heretofore the largest volume on MatchNow in the past 3 months was 17+K on Sept 10th.
Then in the past 2 days of trading its gone up to almost 47K on Friday and over 100K today. 100K was more than a whole day's worth of trading for all but one day from Sept 3rd to the 13th.
You don't have to agree, but my opinion is that the increased trading over unlit darkpool exchanges is evidence of some big fish muddying up the waters to foment an impression that "the market" cares....
Here's the link to the trading of the past 3 months over all the various Canadian platforms and exchanges:
https://www.stockwatch.com/Quote/Detail.aspx?snapshot=SX&symbol=RVX®ion=C
