TSXV:AUN.H - Post by User
Comment by
JonEcashon Jul 11, 2011 1:04pm
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Post# 18818416
RE: Blocks of 500
RE: Blocks of 500Yes I see the 500 share block trades. I have seen it many times, in this stock and a few other juniors. I have yet to be told a solid, exact reason for their occurrence. Although my personal belief is that it is automatic purchasing software, the purpose of which is to: maintain a certain price level (i.e. a floor); or accumulate slowly without driving up the price; or allow a big seller to sell out of their position without driving down the price. As long as it's against the asks (rather than the bids) then I'm okay with it.
J$