RE:RE:Sales this last 10 days are interesting, to say the least...No problem. A 'cross' is simply a sale within the same broker of a substantial number of shares, according to rules that the trade does not involve the same client doing buying and selling to him or herself, as this latter would raise the possibility that a client is manipulating the share price with the buy-sell. What is distinctly odd about the recent crosses at TD, is the sheer number of them. Instead of buying and selling millions of shares in large 100,000, 200,000 or 500,000 blocks, the sales and buys have taken place around 2.65 in odd numbers such as 9000, 1000, 58,800, etc.. It is odd that TD seller and their traders could not put out the word to traders and buyers at TD that they have a client who wants to sell and do far fewer transactions. But, there is absolutely nothing 'wrong' with doing all these trades.
The question, given the excellent fundamentals of this growing company and following a solid quarter and conference call, is 'why?' And, my specific question to regulators, is what role does the transfer back and forth of the short interest in and out of the Canadian market to the OTC market since the beginning of 2016 play, here? (It should be noted, that a host of foreign companies that are not traded in the US except on the OTC market, with the initial 'F' at the end of their ticker symbol on the OTC market, as in TSTIF, have short interests held in the OTC market that are ridiculously huge and could never actually be covered in the OTC market. So, TSTIF is not alone, here. But, it raises the question regarding the use of the OTC market short interest to do bear raids in the Canadian market without transparency regarding the total short interest held by any entity or broker involved in the predatory or manipulative trades.) The Canadian short interest to Nov 15, Tuesday, should be available later today; the OTC market short interest - it was more or less the same to Oct 31 at 3.5 M with the Canadian at 2.1 M - will not be publically reported until Nov 25, I believe.
Retailers, like you and me, can just monitor the market and take advantage of anomalies, such as the unjustified recent sell-off in TOS, to take new and increased positions. The cause of the sell-off to this point is really not that important, if you are long, as I am, on this company. Unfortunately, some retailers were victims of the recent bear raid and have had to sell to cover margin calls. I have no concerns whatsoever regarding this company, as I have said, and, far from selling, I continue to take advantage of the situation of the ludicrous share price and I add daily to my position.
Just my thoughts.
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