GREY:RPBIF - Post by User
Comment by
Felcoon Nov 20, 2008 2:13pm
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Post# 15599402
RE: BMO Nesbitt selling (not strange - ILLEGAL)
RE: BMO Nesbitt selling (not strange - ILLEGAL)Funny, BMO has done the exact same thing to another stock I own (PLI). For months (yes months) they fed 500 shares to the bid any time the stock showed any kind of strength. There were days when 40% of the transactions involved BMO with 500 share or less trades. The effect was predictable. The stock now trades at 8 cents. Another poster on the PLI bullboard aptly commented that when these guys roll in to town, head for the hills. A bunch of us reported the activity, and received a form reply thanking us for the notice and that they'll look into it.
Good luck,
Felco