Toubani Resources Ltd T.TRE

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Another Ch

[markvrd]

Lash:

The way I see a big block that quickly appears and disappears,  it means two things:

1. Large players are still interested and watching closely.
2. Large players are trying to instill fear so the price goes down.    The only rational motivation for doing this is to try and help a "friend" cover a short or pick up cheap shares (or to pick up cheap shares themselves).   I find it comforting that people are trying to buy in low or cover their shorts.

Note: I think it's a different matter when there is aggressive, high volume selling.   That would truly  be a bad sign.  However, many of these big "iceberg" orders are never actually filled and disappear the moment someone starts buying into them at all seriously.  Such orders serve the purpose of manipulating and keeping a lid on things.   If there's a need to do that, it's generally a good thing.   It might take a little while but eventually, when everyone is loaded up, the lid is lifted and the stock goes all the higher.

I understand we're in the doldrums right now but what's happening, as far as I can tell, is that traders are buying, chasing it up and then shorting and chasing it down again.    One day TD is on top of buy, the next day they are on the bottom and selling off while Scotia or CIBC takes over.   There is a waiting game being played because in the midst of this, there is some quiet loading going on.   For example, the other day, someone with Citigroup came in and loaded up a millions dollars worth of shares.    I think Chandler and other big players may be doing some maintenance mode buying but are also giving the stock some time to get out of the back and forth trading rut that it's in.

I'm sure there have been some real sellers as well -- economy has been very up and down and lots of people are seeking safe haven.   However, all things considered, TRE is holding up and gaining back some real support.