TSX:PLZ.UN - Post by User
Comment by
EstevanOutsideron Apr 27, 2024 2:31am
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Post# 36010740
RE:Educate me
RE:Educate meThere was a huge CIBC buyer on the 18th. Bought 118,000 shares, sold 27,000. The biggest sale came after hours at 16:09 which is known as the market-at-close facility. Prior volume into day's ends was mostly on the ATS, non-tsx volume. Liquidity tends to dry up which makes bid-ask spreads sometimes wider. Still a bear market, people capitulate or want out. Some are day traders. Perhaps some algos close their position. Overall not a conspiracy and rather normal, everything is logged. Overall i like what i see technically. Selling tends to be from scattered small lot while much bigger buyers are taking larger blocks when possible (including insiders)
Times have never been better for Plaza REIT. Big re-rate likely coming at some point. Happy to get nearly 8% while we wait.