RE:RE:Downtick today???Quakes - why don't you do some MoC uptick trades then and stop trying to divert attention from the fact that the truth is out about the mongolian assets - more lies from dishonest management intended to rob shareholders of their investment.
Very very bad management. And doing all the wrong things to try and rebuild trust
quakes99 wrote: Yes, SG Capital made it 16 straight sessions of downticks at the close. Morgan Stanley ceased MoC trades last week, but a single client at SG Capital has been continuing the trade on a daily basis. Today, in fact, it was the ONLY trade completed by SG Capital. They had an entire session in which to sell a small 500 share lot for a selling price higher than they got in the MoC sell at the close. The trade brought in $295 to the seller, and downticked 390M shares in portfolios for an incredible $3.9M in Market Cap loss from a single $295 trade in an unnecessary MoC sale. Does that sound reasonable to you?
Over the past 16 sessions the 2 clients at Morgan Stanley and SG Capital have created closing downticks totalling
12 cents... that's
20% of the share price! Technical momentum indicators have been trashed by the downticks and prevented the buy signals that would have occurred if no MoC downticks had taken place. I find it totally absurd that IIROC have allowed this to go on, and I have written to them almost daily to reiterate the complaint with the latest trade data. All they will say is that they are reviewing and assessing the information provided and continuing with their investigation.
2 individual traders have been engaged in this since the day after the vote was cancelled. In my view, this is not coincidental and accounts for a significant amount of the downside over the past 3 weeks of trading. Too late now to change history... but clearly the downside is related more to this manipulation than any other factor, imho.
Trades for C:FCU on 20151105 - 67 trades displayed
| 16:00:00 |
T |
0.59 |
-0.01 |
500 |
9 BMO Nesbitt |
101 SG Capital |
KQ |
| 15:58:09 |
T |
0.60 |
|
6,500 |
2 RBC |
2 RBC |
K |
House Positions for C:FCU from 20151105 to 20151105
| 7 TD Sec |
80,500 |
48,365 |
0.601 |
6,637 |
3,982 |
0.60 |
73,863 |
-44,383 |
| 9 BMO Nesbitt |
53,300 |
31,841 |
0.597 |
0 |
|
53,300 |
-31,841 |
| 79 CIBC |
40,500 |
24,320 |
0.60 |
5,800 |
3,480 |
0.60 |
34,700 |
-20,840 |
| 1 Anonymous |
20,000 |
11,900 |
0.595 |
0 |
|
20,000 |
-11,900 |
| 124 Questrade |
11,520 |
6,902 |
0.599 |
0 |
|
11,520 |
-6,902 |
| 143 Pershing |
7,000 |
4,190 |
0.599 |
0 |
|
7,000 |
-4,190 |
| 2 RBC |
38,700 |
22,925 |
0.592 |
36,217 |
21,433 |
0.592 |
2,483 |
-1,492 |
| 13 Instinet |
2,000 |
1,200 |
0.60 |
0 |
|
2,000 |
-1,200 |
| 39 Merrill Lynch |
2,000 |
1,200 |
0.60 |
0 |
|
2,000 |
-1,200 |
| 80 National Bank |
1,600 |
960 |
0.60 |
0 |
|
1,600 |
-960 |
| 84 Ind Trading |
2,517 |
1,501 |
0.596 |
1,120 |
673 |
0.601 |
1,397 |
-828 |
| 14 ITG |
500 |
300 |
0.60 |
0 |
|
500 |
-300 |
| 28 BBS |
0 |
|
250 |
150 |
0.60 |
-250 |
150 |
| 85 Scotia |
0 |
|
369 |
217 |
0.588 |
-369 |
217 |
| 101 SG Capital |
0 |
|
500 |
295 |
0.59 |
-500 |
295 |
| 27 Dundee |
0 |
|
530 |
318 |
0.60 |
-530 |
318 |
| 62 Haywood |
0 |
|
4,714 |
2,871 |
0.609 |
-4,714 |
2,871 |
| 88 Credential |
0 |
|
5,000 |
3,050 |
0.61 |
-5,000 |
3,050 |
| 19 Desjardins |
0 |
|
46,500 |
27,635 |
0.594 |
-46,500 |
27,635 |
| 59 PI |
0 |
|
152,500 |
91,500 |
0.60 |
-152,500 |
91,500 |
| TOTAL |
260,137 |
155,604 |
0.598 |
260,137 |
155,604 |
0.598 |
0 |
0 |
Contact Fission and IIROC to add your voice to the complaints:
Debra Haggarty
Sr. Complaints & Inquiries Specialist
Investment Industry Regulatory Organization of Canada
121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9
1-877-442-4322
Inquiries@iiroc.ca
Fissionowner wrote: Was there a last minute downtick today? It felt like one.