Post by
Valueinvestor9 on Aug 10, 2015 10:50am
Weak Market
When you look at the market one broker shows up.
Lead bid at $2.77 2,000 shares Industrial Alliance is the broker
The following bids were posted premarket by Industrial Alliance
5,000 shares at $2.50
5,000 shares at $2.25
10,000 shares at $2.00
There are three other bids but the Industrial Alliance bids are interesting. Not sure who is behind the other bids?
Looks like one buyer trying to prop up the market. Concerning as there is just no depth to the buyers. I would be open for the employee to comment on the market depth. If a seller hit the market it would be interesting to see if the bids would disappear.