What up with RBC?He sold an awful lot of shares today. Either he knows something or he doesn't, plain and simple
a) he doesn't know anything...
he bought an awful lot of shares to sell this many, maybe 500K?, not quite sure. So, did he make a profit?
If so, and because he doesn't know anything, end of story.
Did he sell for a loss? again, who cares if he doesn't know anything. Maybe he just got spooked.
b) the more sinister, he does know something
He sold an awful lot of shares, or were they warrants? If he does know something and he is dumping, that's just
not good. On the other hand, the others who also know something are probably mad at him for jumping the gun if
this is the case
the more hopeful and unlikely scenario - he is trying to spook people into selling, knowing that there is something
there, and hoping for himself and others to pick some up cheap. BUT, that's an awful lot of shares to sell just
to drive the price down? However, i did notice from stockwatch that he stopped selling after other people
started selling (he spooked them?).
Notice that these last few trades have no RBC in sight - unless of course he ran out of shares :)
Before, it was nothing but RBC:
15:27:19 V 0.125 -0.025 3,000 85 Scotia 80 National Bank K
15:26:28 V 0.125 -0.025 4,000 9 BMO Nesbitt 80 National Bank K
15:21:51 V 0.125 -0.025 6,000 9 BMO Nesbitt 99 Jitney K
15:21:51 V 0.125 -0.025 4,000 85 Scotia 99 Jitney K
15:21:47 V 0.125 -0.025 6,000 85 Scotia 80 National Bank K
15:21:47 V 0.125 -0.025 21,500 79 CIBC 80 National Bank K
15:21:47 V 0.125 -0.025 7,500 7 TD Sec 80 National Bank K
15:03:39 V 0.125 -0.025 37,000 7 TD Sec 19 Desjardins K
15:03:39 V 0.125 -0.025 3,000 9 BMO Nesbitt 19 Desjardins K
15:00:24 V 0.125 -0.025 10,000 9 BMO Nesbitt 80 National Bank K
So, maybe, just maybe (but probably not) - he is trying to drive the price down/scare people
Maybe he knows nothing, but just wants out (probably at a small/medium loss at these prices 12.5 - 13)
Hopefully it is not the case that he knows something and is dumping....
If so, joeydalton's theory may be correct...
Last note, at 15:32, RBC actually bought 15K at 12.5