NICE PAINT JOBSo for the past 3 weeks I've been watching House 53 (Morgan Stanley) do some cery nice buying. In that 3 week period, they're now up over 166,000 shares.
| House Positions for C:NANO from 20230522 to 20230616 |
| 53 Morgan Stanley | 186,573 | 513,136 | 2.75 | 20,485 | 56,886 | 2.777 | 166,088 | -456,250 |
The trick of course is to get the shares you want, hopefully at the price you want, and there's various ways to manage that accumulation.
So ytesterday, 4 SECONDS before the close, Nano was showing up 10 cents on the day. But then at exactly 4pm, none other than our eager buyer Morgan Stanley tosses 1400 shares, just to paint the price NOT up 10 cents, but finishing the day up only 2cents.
Here's the trades in the last 4 seconds.:
| Trades for C:NANO on 20230616 - 100 trades displayed |
| 16:00:00 | T | 2.81 | 0.02 | 700 | 1 Anonymous | 53 Morgan Stanley | KQ |
| 16:00:00 | T | 2.81 | 0.02 | 300 | 79 CIBC | 53 Morgan Stanley | KQ |
| 16:00:00 | T | 2.81 | 0.02 | 100 | 39 Merrill Lynch | 53 Morgan Stanley | KQ |
| 16:00:00 | T | 2.81 | 0.02 | 100 | 79 CIBC | 53 Morgan Stanley | KQ |
| 16:00:00 | T | 2.81 | 0.02 | 200 | 79 CIBC | 53 Morgan Stanley | KQ |
| 16:00:00 | T | 2.81 | 0.02 | 200 | 1 Anonymous | 53 Morgan Stanley | KQ |
| 15:59:59 | A | 2.88 | 0.09 | 500 | 79 CIBC | 79 CIBC | K |
| 15:59:56 | O | 2.89 | 0.10 | 100 | 1 Anonymous | 1 Anonymous | K |
| 15:59:56 | H | 2.89 | 0.10 | 100 | 1 Anonymous | 1 Anonymous | K |
| 15:59:56 | H | 2.89 | 0.10 | 200 | 1 Anonymous | 1 Anonymous | K |
| 15:59:55 | M | 2.89 | 0.10 | 34 | 1 Anonymous | 14 Virtu ITG |
It's worth noting that Morgan, again who has bought over 166,000 shares the past 3 weeks, was also up almost 50,000 shares this week as well.
It's called "painting the chart", and is one of those hard and fast things that the exchange frowns upon but essentially turns a blind eye to, because it's difficult to prove. Maybe it was just someone who happened to trade through Morgan, who happened to force out the last trades of the day, right on the close, who just happened to be willing to dump on the price. Yeaaaaa, sure it was. ;)
Now, is this worth getting all jumpy over? Not really. I point it out more with a smile, as it's all part of the dirtiest pigpen on the planet...the stock market. This and a thousand other games.
What IS worth noting is that someone out there is eagerly buying a LOT of shares on the open market, and I would bet they are far from done yet. This, of course, is a very GOOD sign.
On a different note, I'm VERY pleased with the comments by Guedes at Nano:
June 15, 2023. The blueprint is being put into place, the engineering firms have been engaged, and the retrofits are underway. “We’re at that pre-commercialization stage,” says Guedes. “Within 18 months we will have long term binding contracts and real-world application ready to change the EV supply chain for the better.”
These comments actually have a hint of swagger to them, something I haven't seen to date. There's a knowing, or a confidence there that I would say is purposely being put out there by the company, as this kind of bravado wouldn't be just him alone speaking. This would be company planned and approved.
I still maintain we're on the precipice of a very exciting point in the growth and development of Nano. Lucrative? Hell yes. Of that, I grow more confident almost daily now.