TSXV:AAA.P - Post by User
Comment by
longsidebeton Feb 08, 2012 4:28pm
253 Views
Post# 19505867
RE: Dundee Buying Big
RE: Dundee Buying Big Dundee in fact was a Net Seller of over 300,000 shares today. As they did prior to the PP, at which time they sold approx. 5 million shares between $1,10 and .90 per share, they use #1 Annonomous to sell and then buy a smaller amount using #27 Dundee, This tends to mitigate the downward pressure on the sp while they unload plus they appear to be supporting the company at the same time they are Net Sellers. Also they trade between the two accounts to create synthetic volume which attracts others with whom they sell to. What bugs me is they sold all those shares to the unsuspecting retail when they knew they were going to lead a PP at .80 per share. Now they are probably selling their commission shares, note they waited untill the PP closed before selling to the market.