TS03 Inc Trust Units TSTIF

End of the Day?

[echo2]

House Positions for C:TOS from 20161122 to 20161122

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	270,500	717,493	2.652	511,700	1,361,244	2.66	-241,200	643,751
79 CIBC	31,092	82,728	2.661	63,600	169,042	2.658	-32,508	86,314
39 Merrill Lynch	89,600	237,976	2.656	119,200	318,994	2.676	-29,600	81,018
53 Morgan Stanley	1,200	3,168	2.64	22,100	58,628	2.653	-20,900	55,460
22 Fidelity	0			17,500	46,735	2.671	-17,500	46,735
99 Jitney	5,400	14,232	2.636	20,800	55,282	2.658	-15,400	41,050
72 Credit Suisse	0			12,100	32,307	2.67	-12,100	32,307
15 UBS	300	807	2.69	7,500	19,931	2.657	-7,200	19,124
2 RBC	8,150	21,775	2.672	9,418	25,294	2.686	-1,268	3,519
36 Latimer	78	206	2.641	250	662	2.648	-172	456
48 Laurentian	10,000	26,500	2.65	10,000	26,500	2.65	0	0
101 SG Capital	500	1,360	2.72	400	1,069	2.673	100	-291
124 Questrade	4,000	10,611	2.653	600	1,584	2.64	3,400	-9,027
18 Echelon	4,400	11,734	2.667	0			4,400	-11,734
7 TD Sec	783,560	2,084,404	2.66	778,647	2,060,921	2.647	4,913	-23,483
33 Canaccord	7,600	20,089	2.643	0			7,600	-20,089
19 Desjardins	22,125	58,446	2.642	13,000	35,170	2.705	9,125	-23,276
13 Instinet	37,900	99,919	2.636	25,900	68,665	2.651	12,000	-31,254
80 National Bank	38,719	103,697	2.678	18,250	49,568	2.716	20,469	-54,129
9 BMO Nesbitt	21,550	57,466	2.667	1,000	2,634	2.634	20,550	-54,832
85 Scotia	304,100	804,872	2.647	8,809	23,253	2.64	295,291	-781,619
TOTAL	1,640,774	4,357,483	2.656	1,640,774	4,357,483	2.656	0	0

i.e., back to the usual pattern, TD trading huge volume for TOS and buying and selling at 2.65, again, with 1 the seller and retailers generally buying.

But, just look at the TD volume since Nov 7:

Broker Positions for C:TOS Broker #7 from 20161107 to 20161122

Date	Bought	$Val	Ave	Sold	$Val	Ave	Net	Position	$Net	$Position
20161107	268,371	749,027	2.791	237,150	665,970	2.808	31,221	31,221	-83,057	-83,057
20161108	85,535	239,391	2.799	60,910	171,251	2.812	24,625	55,846	-68,140	-151,197
20161109	36,455	100,411	2.754	48,212	132,890	2.756	-11,757	44,089	32,479	-118,718
20161110	46,400	125,379	2.702	108,048	292,559	2.708	-61,648	-17,559	167,180	48,462
20161111	52,167	131,567	2.522	38,710	99,367	2.567	13,457	-4,102	-32,200	16,262
20161114	312,535	783,549	2.507	300,300	751,864	2.504	12,235	8,133	-31,685	-15,423
20161115	1,088,170	2,834,236	2.605	1,080,400	2,773,180	2.567	7,770	15,903	-61,056	-76,479
20161116	1,688,550	4,641,793	2.749	1,694,670	4,645,513	2.741	-6,120	9,783	3,720	-72,759
20161117	2,458,015	6,495,407	2.643	2,493,490	6,534,420	2.621	-35,475	-25,692	39,013	-33,746
20161118	1,589,850	4,221,290	2.655	1,584,855	4,182,772	2.639	4,995	-20,697	-38,518	-72,264
20161121	1,324,191	3,627,230	2.739	1,290,800	3,533,503	2.737	33,391	12,694	-93,727	-165,991
20161122	783,560	2,084,404	2.66	778,647	2,060,921	2.647	4,913	17,607	-23,483	-189,474
TOTAL	9,733,799	26,033,684	2.675	9,716,192	25,844,210	2.66		17,607		-189,474

Now, that is just wild! Is the volume peetering out today? They have traded well over 10% of the float, buying and selling each day +- the same number of shares at +- the same share price each day!? And, on 9.7 M shares they haver actually lost .015 per share, or roughly $150,000 on the volume and a similar amount on commissions (if this is an institutional trader which it must be)(though someone's bud at TD makes that commission)... Why spend $300,000 like this? Even an HFT wouldn't be doing this, unless they just wanted the share price to move and stay lower and they are willing to soak up all the buying and selling to do this.

Here's to Thanksgiving feasts... :)) At least some of us nerds might have a topic of conversation to bore distant relatives with at the table! :)