Teuton Resources Corp V.TUO

Wow

[NineLives]

Someone just smashed the stock down to $1.01, not high volume to get it there only 100k  and then it shoots straight back up to $1.30. Hilarious, or is TUO on the cusp of it's spin out ?

Crazy trading range and all before lunch ! Something is coming.

[NOMOREROLLBACKS]

Share total WAS A WAY over 100,000 at 8:32 to 8:34 AM MANY MORE HAPPY trades 100 share lots. THIS IS NUTS.. WHAT is going ON????? 

[rockport1]

There was a coordinated set of sell orders across much of the resource sector today at 11:32 ET.  It is quite bizarre that it all took place at the same time. Perhaps it was some attempt to manipulate the market down? It could also be related to the triple witching hour today, although that shouldn't really affect the juniors. Anorther reason could be the change taking place in the Cdn

[NineLives]

If it was due to the changes to the capital gains over $250k then 75% taxed it sure wasn't handled very well. Destroyed a lot of bids out there and to do it last minute in one foul swoop is bad planning.  As many of those trades accross the board were 'anonymous' then it was some big entity selling, Sprott, Dundee, hedge fund, who knows ?  Technically anyone making over $250k

[rockport1]

John Kaiser discusses the 11:32 event from last Friday on his podcast.  The sell algo hit 168 companies according to his research.  He doesn't have any clear reason, but his discussion is interesting.   https://www.youtube.com/watch?v=rFwxPyhvjJE

[NineLives]

Thanks for finding that Rockport, I'll watch this week-end because that large dump sure damaged some market caps. Just checked the August gold price, holding above $2.330 after the rally today. Let's hope this area is a new bottom, these markets need a break, a good one.

[Larry60]

I think he does have a reason.  A liquidation of a portfolio of an INDIVIDUAL.  Possibly triggered by the CG rules that kicked in on the 25th (Friday was the last day to trigger gains under old regime).  He clearly does not think it was manipulation, shorting, or a fund. He hints at something else that I think was responsible.  An estate sale! My take?  Who would own so