TD Not God After All It has been my observation that the price movement in Canaco shares in the past 18 months has been heavily influenced by trading by one House--TD. When TD goes on a buying binge, watch the price rise.
Today was an exception. TD sold more shares (net) than on any day this year. But the market found a way to absorb those 540,000 shares and finish with a gain..not much of a gain, but into the green nonetheless.
This bodes well for the future, assuming distress selling by today's TD clients will abate at some point and TD will revert to its usual net buying behaviour
I now confidently predict that we have seen the bottom--the same prediction, by the way, that I made at $1.85, $1.51 and $1.12. One of thes days I will just have to be right