TSX:PTI.UN - Post by User
Comment by
elassowipeoon Apr 19, 2006 2:24pm
338 Views
Post# 10700900
RE: RBC back hitting the bid
RE: RBC back hitting the bidSomeone is selling into the bid price rather than purchases taking place at the ask.
example
Bid 0.50 Ask 1.00
At a garage sale I a prospective buyer see a hammer on the table for $1.00 but I only offer 0.50 cents. Subsequently a transaction occours for$0.50 cents. A potential sign of weakness. Same thing as buying and selling prices for houses.
Also RBC is reputed to be associated with the insider from Mova who sold short 14+ million shares to lock in their effective sale of Mova to PTI.
However today RBC is buying and last night the close was fishy and did trip a bunch of technical signals.
PTI has still got a bunch of pain to go through and although it could be worth much more it at times looks like the overall market doesn't want to wait or pay up, then it does.
Little investors are at the mercy of the big tides in this stock.