TSXV:AUN.H - Post by User
Comment by
JonEcashon Nov 27, 2007 2:20pm
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Post# 13875002
RE: There you go...I bought
RE: There you go...I boughtIt's called an "iceberg".
Depending on your broker you can put up a huge number of shares on the ask (or bid) but only show a smaller portion. It's a way of accumulating or distributing a whack of shares without affecting the market depth on level 2.
I don't know who annonymous is and why they are so bent on selling, and frankly I don't care. It could be tax-loss selling, it could be a need to free up cash, or even manipulation by a shareholder -but I doubt it's by management. It's just not in their interests to have the share price this low. When this company's true value is realized, that individual/fund will wish they hadn't.
The WHOLE market is down, with most jr stocks down 5-15%. We are not unique, so I wouldn't read too much into us being in the red.
J$