RE:Illiquidity is your friend on the way up...InFactsWeTrust wrote: but not down. I don't like the action on QQQ. Or ANGL or BB spreads (looks like a new uptrend in spreads, which could mean we're getting into a credit cycle.). So even though TBRD is an amazing company, I don't think it is immune to an overall downdraft in the markets.
I just went to see what price the insiders last bought at ($1.22) and was surprised to see 400,000 insider sales by a director and officer on Sept 16 at $2.01. So, all in all, i think it's time to take a few profits with an eye to picking them up lower again. You don't want to be trimming this when everybody hits the sell button - there's just not enough liquidity.
I wouldn't assume anything re the sale of 200,000 shares by each of Tim Gamble and Bill White.
Those trades were obviously pre-arranged. ie somebody wanted a meaningful (starter?) position:
Trades for C:TBRD on 20200916 - 34 trades displayed 15:04:34 | V | 2.01 | 0.01 | 2,000 | 1 Anonymous | 2 RBC | K |
14:24:01 | V | 2.01 | 0.01 | 2,300 | 53 Morgan Stanley | 1 Anonymous | K |
14:24:01 | V | 2.01 | 0.01 | 2,700 | 1 Anonymous | 1 Anonymous | K |
14:23:18 | V | 2.01 | 0.01 | 3,900 | 1 Anonymous | 1 Anonymous | K |
14:23:18 | V | 2.01 | 0.01 | 1,100 | 53 Morgan Stanley | 1 Anonymous | K |
14:22:23 | V | 2.01 | 0.01 | 1,200 | 53 Morgan Stanley | 79 CIBC | K |
14:22:23 | V | 2.01 | 0.01 | 5,000 | 1 Anonymous | 79 CIBC | K |
14:22:23 | V | 2.01 | 0.01 | 1,500 | 53 Morgan Stanley | 79 CIBC | K |
13:23:54 | V | 2.01 | 0.01 | 500 | 53 Morgan Stanley | 7 TD Sec | K |
13:23:31 | V | 2.01 | 0.01 | 5,000 | 53 Morgan Stanley | 2 RBC | K |
13:04:49 | V | 2.01 | 0.01 | 3,000 | 53 Morgan Stanley | 1 Anonymous | K |
13:04:01 | V | 2.01 | 0.01 | 200 | 2 RBC | 1 Anonymous | K |
13:04:01 | V | 2.01 | 0.01 | 1,600 | 53 Morgan Stanley | 1 Anonymous | K |
13:04:01 | U | 2.01 | 0.01 | 200 | 2 RBC | 1 Anonymous | K |
12:34:35 | V | 2.01 | 0.01 | 2,000 | 53 Morgan Stanley | 1 Anonymous | K |
12:26:04 | U | 2.01 | | 60,000 | 33 Canaccord | 33 Canaccord | Z |
10:41:52 | V | 2.01 | 0.01 | 100 | 53 Morgan Stanley | 14 ITG | K |
10:41:52 | V | 2.01 | 0.01 | 100 | 53 Morgan Stanley | 14 ITG | K |
10:41:52 | V | 2.01 | 0.01 | 100 | 53 Morgan Stanley | 14 ITG | K |
10:41:51 | V | 2.01 | 0.01 | 500 | 53 Morgan Stanley | 14 ITG | K |
10:41:50 | V | 2.01 | 0.01 | 1,000 | 53 Morgan Stanley | 14 ITG | K |
10:41:50 | V | 2.01 | 0.01 | 1,000 | 53 Morgan Stanley | 14 ITG | K |
10:41:49 | V | 2.01 | 0.01 | 1,000 | 53 Morgan Stanley | 14 ITG | K |
10:41:49 | V | 2.01 | 0.01 | 1,000 | 53 Morgan Stanley | 14 ITG | K |
09:38:50 | V | 2.01 | 0.01 | 200,000 | 9 BMO Nesbitt | 9 BMO Nesbitt | K |
09:38:40 | P | 2.01 | | 200,000 | 79 CIBC | 79 CIBC | Z |
09:38:31 | V | 2.03 | 0.03 | 2,000 | 1 Anonymous | 7 TD Sec | K |
09:37:58 | V | 2.02 | 0.02 | 1,200 | 79 CIBC | 1 Anonymous | K |
09:37:58 | V | 2.02 | 0.02 | 1,300 | 1 Anonymous | 1 Anonymous | K |
09:37:49 | V | 2.02 | 0.02 | 100 | 79 CIBC | 1 Anonymous | K |
09:37:49 | V | 2.02 | 0.02 | 4,300 | 79 CIBC | 1 Anonymous | K |
09:37:49 | V | 2.02 | 0.02 | 46 | 55 Velocity | 59 PI | |
09:37:49 | V | 2.02 | 0.02 | 200 | 55 Velocity | 1 Anonymous | KL |
09:30:00 | V | 2.02 | | 2 | 80 National Bank | 59 PI | |
No insider reported that 60,000 share cross however.