TSXV:ART.H - Post by User
Post by
Baxter4on Dec 02, 2010 1:51pm
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Post# 17790724
Scotia Selling Pattern
Scotia Selling PatternAnyone notice those constant 500 share blocks that Scotia has been selling for the past few weeks has moved into a 3 1/2 minute pattern instead of the previous 4 minute pattern?
I have the feeling this type of manipulation is perfectly legal as all they are doing is putting in sell orders. They probably have another account or two from which they are buying most of the shares back plus the odd big dump from some other frustrated investor. If the fees are anything like my discount broker, they only pay the fee once for selling and once for buying. It is a good method of accumulating while keeping the share price down.