Sorry to burst your bubble aclcmc/punkassassin, the “Sweet mother of all that is holy” was a giveaway as to one of your former aliases, but you are dead wrong pal. Let’s take a look at these “robust” trading numbers that you speak of:
March 18, 2010 --------- RY traded ------- 1,596,500 shares
March 18, 2009 --------- RY traded ------- 7,553,800 shares
March 18, 2008 --------- RY traded ------- 4,870,000 shares
March 16, 2007 --------- RY traded ------- 5,639,200 shares ------ (No trading Sunday, March 18th)
March 17, 2006 --------- RY traded ------- 4,450,200 shares ------ (No trading Saturday, March 18th)
Trading for RY at best can be described as anemic in comparison to what is has been in the past. Today the prevalence of black box and “high frequency” trades are far greater than even a couple of years ago. Many of the trades that we see are nothing more than fluff and traders simply positioning themselves to unwind their positions. Upon close scrutiny of the trades made, there is no evidence of serious accumulation by any institution. VOLUME IS NOT AN INDICATION OF INSTITUTIONAL BUYING on top of that volume has been pathetic in general! The only fools buying RY and the rest of the bank stocks now ARE RETAILS, who as usual buy at the worst possible time.
"You bank bashers just don't have a foggy clue"
I don’t generally toot my own horn but I’ve forgotten more about trading than you know and probably will ever know. Buy, hold and hope is NOT an investment strategy for any stock. Everyone should have a trailing stop loss or at the very least a number at which they would part with their shares. Too many of the bank pumpers held when the price of their precious bank stocks turned sour in 2007. The loss of capital was tremendous and could not be offset by a paltry dividend. Selling and buying back at a much lower price would have given you more shares and far more leverage. Now would be a very good time to sell and buy back when RY shares are on sale once again.
I would suggest aclcmc/punk that you stick to creating lame a$$ nicknames for Bluenote. You know nothing about trading and quite frankly you’re a huge bore. TTFN