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Bullboard - Stock Discussion Forum Gold Canyon Resources Inc V.GCU

TSXV:GCU - Post Discussion

Gold Canyon Resources Inc > Jennings Capital
View:
Post by diabase1 on May 04, 2012 4:32pm

Jennings Capital

Could anybody give me a clue on why Jennings Capital sold 117,000 shares of GCU with only 4 minutes to go today. Unreal!! As an institution, have they ever been involved with GCU before (financing). I'm sure this sale is not a retail sale. Cannacord Genuity was on the buy side in both cases. Could this reflect that a major gold company is starting to accumulate GCU shares for a takeover??

Keep an eye on these 2 brokers in the near term for any big trades. Just my thoughts.

Comment by tdsb on May 04, 2012 4:55pm
Their manipulators but what you have to realize is that this stock at this price is under accumulation, to me when you watch the trading pattern here it's very much in demand and demand is as obvious as watching twin brunettes driving down Broadway in a cherry red "HUMMER".
Comment by cavedude on May 04, 2012 10:04pm
Unfortunately we are now entering the sell in May, don't buy back till August time of year for specs. Institutions know this better than the retailers. Last year MAy 2n, TRR dropped from 3.50 to 3.00 just cause it was May. Its a common theme and very annoying. With the enslaught of bad Macro economics and of course Israel smacking their lips at the thought of attacking Iran/ongoing Euro crisis ...more  
Comment by boyon on May 05, 2012 9:00am
Actually last year TRR went up after May. It was 4.54 on May 2, 4.26 on June 1, 4.54 on June 30 and 5.00 on July 30.  
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