RE: RE: RE: RE: RE: RE: RE: RE: RE: How long to drHere is the last week of trading. While 7.2 million shares may seem like a lot, you must remember that BWD has a gigantic number of shares outstanding at over 274 million. So Clarus buying $1.6 million of stock in this thing is somewhat meaningless isn't it?
| 24 Clarus |
3,284,500 |
1,603,884 |
0.488 |
0 |
|
3,284,500 |
-1,603,884 |
| 9 BMO Nesbitt |
1,280,600 |
624,192 |
0.487 |
267,000 |
125,799 |
0.471 |
1,013,600 |
-498,393 |
| 7 TD Sec |
676,800 |
326,744 |
0.483 |
415,036 |
199,872 |
0.482 |
261,764 |
-126,872 |
I didn't post the entire trading summary as there are far too many brokers (32 last week traded BWD) doing small trades in this thing. IMHO this continues to support this stock being more of a (over)promoted, retail play than anything else. If you take out the three block trades crossed by Clarus last week the average amount of money per trade is less than you spend on Latte's in a month. Combined with the extremely high valuations this story could get ugly for the uninformed and emotional investor, retail investors, on bad results. Given the early stage exploration and high risk that comes with that the probability of a meltdown on SP increases. Why do you think the pros play the Alberta Bakken through Legacy and Crescent Point?