The Set Up repeated againWhat is remarkable is the Anonymous sale is followed always by someone else. Joe throws his sales at the market and someone either has their stop loss kick in, or the fear of what is next hits.
Here is the perfect Joe moment in the last 10 trades:
12:03:38 | V | 0.205 | -0.02 | 2,000 | 9 BMO Nesbitt | 79 CIBC | K |
12:03:38 | V | 0.205 | -0.02 | 3,500 | 9 BMO Nesbitt | 79 CIBC | K |
12:03:38 | V | 0.205 | -0.02 | 2,500 | 1 Anonymous | 79 CIBC | K |
12:03:38 | V | 0.21 | -0.015 | 128,000 | 79 CIBC | 1 Anonymous | K |
12:03:38 | V | 0.21 | -0.015 | 2,000 | 79 CIBC | 1 Anonymous | K |
12:03:38 | V | 0.21 | -0.015 | 10,000 | 9 BMO Nesbitt | 1 Anonymous | K |
12:03:38 | V | 0.21 | -0.015 | 35,000 | 19 Desjardins | 1 Anonymous | K |
12:03:38 | V | 0.21 | -0.015 | 10,000 | 1 Anonymous | 1 Anonymous | K |
12:03:38 | V | 0.215 | -0.01 | 2,000 | 79 CIBC | 1 Anonymous | K |
12:03:38 | V | 0.215 | -0.01 | 50,000 | 44 Jones Gable | 1 Anonymous | K |
That's another 250 thousand off the Joe books. When I saw that it traded down, I only thot 'please let it be the a-hole"
Notice too that Jones Gable, one of the Paradox buyers, was there to support the first 50 thousand.
Paradox has stepped in to secure a healthy or semi healthy close the last three weeks. Let's see how it plays out today.
One last thought. How useless is the Mineralfields trader? It's like he wants to get the lowest price that he can. Yesterday, .23 was available for these 250 thousand to find a new holder.