TSXV:FCO.H - Post by User
Comment by
jon8034on Dec 30, 2005 3:06pm
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Post# 10098841
RE: You bet rah rah rah
RE: You bet rah rah rahWhat I see as I watch the total order depth is buyers lined up hoping to grab up shares cheap. I see hidden orders that the tsx doesn't show because they are special fill - usually "all or none", I am looking at it right now and I see ice berg - (more under than showing) on buy orders where the buy is at 5000 and has already filled 15000 - who knows how big that buy order is- what I see right now is over 500,000 shares ordered on the tsx exchange between .30 and .33. This is what I have seen every day since the fast run hit the ice berg seller and knew nobody could fill an order until he moved. They are sitting there waiting for the 1st inkling of news to snap up every share that is being stacked up at .35 and above and picking up cheap shares at the same time. That stock between .35 and .40 will be taken in one big bite when that happens. These guys are pros - they know exactly what they are doing, icebergs, special fill orders that do not show on tsx public post, these will catch the people who decide to bail - cheap shares! In the meantime more sell orders - a little here, a little there - will make a nice snack when the news breaks - like I said these guys are pros and I am sure have a direct feed to SEDAR and document release - they can have their buy executed before any of the average joe sellers even knows something is up.
Or, maybe I am misreading it. Just because no other stock that I follow - and I follow about 50 pretty closely on the tsx - has no parking lot of professional buy orders sitting .005 under the ask price for this length of time, maybeeeee that doesn't mean the stock is poised to move. That's how I read it, that's what history has shown me. As I said I am not a pro - just my opinion.
When there is time, wait for the good price, when time is up, price doesn't matter:)