Re: Missing order????
in response to
by
posted on
Mar 17, 2010 12:17PM
The company is now known as FUSE Cobalt.
So basicly what you are saying is that the guy selling his 18k shares @ .12 from Canaccord had 10K of his sale stolen from him, and the TSE thinks that is OK..
Now if Alpha had provided those shares at a lower price than that on the quote system, I could almost accept that argument... but since the que was jumped and Alpha took president over an existing order... we have the makings of the destruction of market confidence and total caos could be the result.
If you have an automated system targeting stocks trading in the pennies..... what is underway in the broader market?
Since the trades are undisclosed one has no way of knowing what the true liquidity of a particular stock is, what investors are willing to pay for that stock ... what strength is present..... on and on!
Funds could buy stock in a placement and then simply unload it without showing a single transaction.....
Pro in house brokers could steal the trades of their clients as this Canacord seller just had happen to him!
Price | Volume | Broker | Time | Spec | |
0.12 | 18,000 | 33 | 03-11 09:41 |
This has the potential to destroy our capital markets! It is the transperancy of the market that makes the whole system work.... without it there can be no confidence for investors to buy and /or hold stocks.
This could make Bre-Ex look like a tea party.
JMHO
Will be interesting to see what happens if sommeone attempts to take out that Canaccord ask again..... maybe several have already tried.... maybe there has been 200K allready trade today and nobody knows it!