Very interesting trading happening todayInteresting to watch say a house like TD buying up 60,000 shares and then selling the same 60,000 a cent higher...same goes with many houses with large quantities.
It looks like there are some traders that were caught with large positions, trying to unload their shares without causing a complete collapse in the shareprice, so they can save their shirt.
The entire day has had the intraday showing more and more weakness in the chart and event with the calculated trades, the bears have been gaining strength the entire day.
The MM's know how crucial it is to keep this thing above that 1.01 mark but are running out of support and time.
The last half hour of the day could be a real flush in this play. Definitely not a recovery in this one...not today anyway, and if it ends up below that support line, tomorrow will be just as damaging if not more.
It is impressive that they could keep it above support for this long in order to dump their shares into the market.
Looking more and more like .87 is in the cards on its way to find the real bottom.
Mediascan