Evil Anonymous Seller = TD Take a close look at the last trade today on the TSX (not Alpha). About 1 minute to close, Anonymous started selling it down below 60 cents. This was followed by several trades by TD selling with precisely the same time stamp as Anonymous' trades. What is the probability of that happening unless Anonymous and TD were the same person?
Does anyone have the TD Active Trader's Platform? Does that platform enable you to put one order in, split between two seller-ID's? Do professional money managers use TD?
Recall that Anonymous was the seller who relentlessly drove the price down from 60 cents to 32 cents in the April-June timeframe. Someone suggested it could by tax selling out of Australia, since they have a June 30th tax year-end. Excellent find. I believed that. But that would mean anonymous would stop selling after June 30th. He did for a while, but he is back to selling. So is this a different Anonymous?
By the way, I checked to see if Australia has the same "superficial loss" 30 day waiting period as in the US and Canada. They do not. In Australia, you can claim the tax-loss and buy-back in less than 30 days if something changed in the investment situation (such as a new chairman). They must only contend with the General Avoidance Clause (which Canada also has) that says if the sole purpose of your transaction is to avoid tax, then they will tax it anyway. Disputes are settled in Court and these cases are hard to prove. But we have not seen buying in quantity since June 30th, so I assume if it was Australian tax selling, they do not intend to buy back in.
Comments?