Enercare, Inc. CSUWF

2nd try with hopefully spaces between sentences

[fdfd12]

At 3:40PM everyday, TSX releases "market on close" orders to buy or to sell.

Today, ECI had over 300,000 to sell at the close. Once algo computers saw this at 3:40 they sold
from 19.40 to below 19. Here is the reading of over 300K shares to sell.

ECI SELL 302986 19.45



All this is meaningless since on Monday, stock SHOULD open at $19.10
and go to $19.50 by 10AM.
I picked up 4000 shares below 19 because of this and it was a GIFT.
Below is my copy and paste of it.

1670047625 Buy ECI: CDN 4,000 4,000 0 19.00Limit 18.98 Jun 16, 2017 03:50 PM ET Filled


There is nothing to worry about. Enjoy your week-end.


 

[CaptainConn]

Good information. Thank you for sharing. I bought in at $18 and will perhaps add on this dip. You don't think it is concerning or there is a particular reason (possible bad news incoming) for someone dumping 300k shares?

[fdfd12]

No bad news. It is option expiration Friday market on close. I once saw all the banks jump up $2 at 4PM on a Friday. The next day, they were all down by $2.

[autofocus111]

Except that the OI on ECI options expiring today is only ~200 contracts. I do agree though that a large market on close sell order would drive the price down pretty hard.

[retiredcf]

As has been explained, this shows how the SP fell from $19.45 to $18.95 in the last half hour of trading to allow for the block trades to go through. GLTA   EnerCare Inc com ECI       19.50 39,800 TD Securities Inc. TD Securities Inc. 11:05   19.45 52,000 Desjardins Securities Inc. Desjardins Securities Inc. 15:33   19.04 12,800 BMO Nesbitt Burns

[CaptainConn]

The volume clearly indicated that a lot of shares were sold near close which caused the price to drop but I am more interested to know whether it was just a typical sale and the stock will quickly rebound or perhaps there is bad news in the making or some other factor. Time will tell i suppose.

[fdfd12]

So far, I have been lucky with my prediciton of $19.10 open today. Next step, getting closer to $19.50 by 10 AM.

[CaptainConn]

i am happy we have recovered instead of a continued spiral. Very nice trade by you bro, i am impressed hahaha. What is your prediction for $20? ;)

[fdfd12]

Will have a VERY HARD time getting past $20.73 before the next report because there is a gap there. Will get to $20 but the rest depends on the earnings report. The report is why this stock crashed to from $21.50. If it is a good report, then it will go back to those leels.

[CaptainConn]

Yep. But the ER actually points to a better future and growth for enercare and the sell off was an over reaction. That was when i bought in so i would like to see a rally to $20-20.50 before taking some profit. I think after the next ER it will head to new highs. GLTA