RE: RE: RE: Institutional BS - Interesting Day
Gallison,
Not all institutional transactions are carried out on the open market (at public auction). Block trades are pre-arranged between two parties, and they are NOT required to occur at public auction. Given the minimum block trade is worth 10,000 shares, these volumes at public auction can dramatically influence an asset's price, which can be a disadvange to either the buyer or seller (which is why price is predetermined). Sometimes they happen on the open market, and somtimes not. It's not a requirement to do it either way, as long as the rules are followed. Your counting of the stock's every day volume is overly simplistic, and utterly incorrect as a measure of institutional buying/ownership changes. You are counting solicited and unsolicited orders, executed on the open market.
If I were to call someone out on a bogus posting, I'd do my best to understand exactly what they were talking about, otherwise I'd be worried I might look like a complete tool...
In the future, you might consider a post like, "Hey, those are interesting figures! Can I ask where you got them? Thanks for your insight!" to clarify your uncertainty. But, you're right. We should be treating StockHouse like a peer-reviewed journal. Here's a quick reference I use before I dig deeper using more 'unconventional' methods to confirm my information.
https://www.baystreet.ca/quotedata/quotes.aspx?qm_page=87684
Cheers,
~BT