RE: RE: RE: RE: A lot, painted tape
All we really witnessed was a classic 'paint the tape for the weekend' maneuver.
GCU traded steady at 1.50 until the last half hour when it was walked down, then blind-sided by TD(007), must be their turn. By then retail had quit and probably pulled any low ball bids (like 1.38), however Fraser Mac(111) was lurking at 1.40 (no doubt their trader expected a few cheapies).
At 15:50 GCU was still at 1.48. So TD sold down to 1.44, then 1.43, 1.40. Bingo some alert buyers and it moved back to 1.43. So the final minute. At 15;59 TD made the final 8 trades of the day. Only 5 were at 1.40 or lower, 5 were crosses (they bought and sold to themselves for a total of 16,900 shares, were forced to give Fraser Mac 300 who managed to steal a total of 4500 in the dying minutes by its in place 1.40
So did we close at 1.38? Only if you believe in the tooth fairy.