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

TSXV:GCU - Post Discussion

Gold Canyon Resources Inc > Strange trading?
View:
Post by Schill on Jan 14, 2013 2:13pm

Strange trading?

time - price - vol

13:57:34 0,86 500

13:57:37 0,86472 26k  (18 trades)

13:57:38  0,86  1k

 

What i find interesting, although only 1000 shares were in the bid @13:57:38 and the dump overwhelmed the bid, and got below, 4 seconds later, although 26k shares were dumped, it already had snapped back to 0,86.

In the case of a big enough iceberg-buy @0,86, it wouldn't have dropped below 0,86.

To me this looks like someone was keen to dump 26k shares not at a high, but at a certain low price and someone was there waiting to buy.

Comment by Schill on Jan 14, 2013 2:15pm
correction. Ofcourse the price was 0,85472
Comment by Goldhigh on Jan 14, 2013 6:50pm
Could the mish mash of selling be related to the .65 cent warrants from Sept 2010.  If someone had waited and exercised before the Sept 23/2012 deadline they would see the price was declining and locked in profits by selling before the sp hit .65.  In saying that, there were only 2 million warrants with many exercised and sold long ago (if smart). Who knows? ...more  
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