An experimentI wanted to see today if someone is trying to hold the stock down and cause some fear, so everytime that 025 was hit, I punched in with a small order at .03.
The last 30 minutes was quite revealing. Every time that Jitney put it to .025, I responded with .03 and they went right back at it at .025. Jitney really wanted this stock to close on the low.
Here is what it looked like right at the end.
| 15:59:27 |
V |
0.03 |
|
5,000 |
2 RBC |
2 RBC |
K |
| 15:58:21 |
V |
0.025 |
-0.005 |
12,000 |
85 Scotia |
99 Jitney |
K |
| 15:58:17 |
V |
0.025 |
-0.005 |
7,000 |
85 Scotia |
99 Jitney |
K |
| 15:58:17 |
V |
0.025 |
-0.005 |
8,000 |
7 TD Sec |
99 Jitney |
K |
| 15:58:17 |
V |
0.025 |
-0.005 |
5,000 |
85 Scotia |
99 Jitney |
K |
| 15:57:34 |
V |
0.03 |
|
5,000 |
2 RBC |
2 RBC |
K |
| 15:55:59 |
V |
0.025 |
-0.005 |
10,000 |
85 Scotia |
99 Jitney |
K |
| 15:55:24 |
V |
0.025 |
-0.005 |
20,000 |
2 RBC |
2 RBC |
K |
| 15:53:38 |
V |
0.03 |
|
1,000 |
2 RBC |
2 RBC |
K |
| 15:52:13 |
V |
0.025 |
-0.005 |
20,000 |
85 Scotia |
99 Jitney |
K |
My take is Jitney wants to create some fear or is short the stock, but they sure wanted a ,025 close and they sure wanted people to look at .025 all day long.
I would say we did this back and forth dance about 5 times.
your thoughts?