Re: Do not underestimate the ability of large entities to move the mkt
in response to
by
posted on
Jul 28, 2010 01:17PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
It just happened 20 minutes ago. It took a grand total of 715 shares.
At 12:58 both the Canadian side and pink sheets traded a total of 715 shares. That is not a typo.
On the Canadian side 500 shares knocked $.015 off the price and 215 shares on the pinks knocked $.01 off the price. 715 shares wiped out 10% of the market cap of the entire company.
The brokerage cost was probably higher than the trade value.
I wonder what motivated those two sellers? Hmmmm.
Sorry I just had to break my silence on that one
P.