TSXV:KUR.H - Post by User
Comment by
bobnegion May 12, 2000 9:22pm
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Post# 1913028
RE: HOUSE POSITION -what does it mean
RE: HOUSE POSITION -what does it meanPlease enlighten me.
When people say the house bought x amount of shares.
Is the Brokerage firm buying these shares for themselves or are they buying them on the behalf of clients.
I have a Cannacord account and there are postings here that are saying that Cannacord is driving the price down...who are they driving the price down for ?
If I called Canacord and told my broker to place a limit buy order GTC for 50,000 shares at $2.00, am I driving the price down ?
Is a HOUSE position based on the Securities Company trying to drive the price down by flushing out the nervious ones....only to sell the shares back at a later date? or what ?