RED EAGLE EXPLORATION LIMITED V.XR

250k @ 1.40 insider buy analysis

[myamigo]

Hi Folks,

I analyzed yesterday's net house summary  and trades to determine that the insider is with BMO. The total of all shares sold by BMO at 1.40 is exactly 250k. No other house comes close so these are the insider trades in question...

Time ET	Price	Change	Volume	Buyer	Seller
13:11:38	1.4	-0.31	50,000	1 Anonymous	9 BMO Nesbitt
13:11:33	1.4	-0.31	15,900	27 Dundee	9 BMO Nesbitt
13:10:27	1.4	-0.31	9,000	27 Dundee	9 BMO Nesbitt
12:59:40	1.4	-0.31	100	1 Anonymous	9 BMO Nesbitt
12:57:59	1.4	-0.31	11,900	68 Leede	9 BMO Nesbitt
12:55:31	1.4	-0.31	13,100	80 National Bank	9 BMO Nesbitt
12:32:16	1.4	-0.31	25,000	68 Leede	9 BMO Nesbitt
12:29:29	1.4	-0.31	700	33 Canaccord	9 BMO Nesbitt
12:25:55	1.4	-0.31	10,000	1 Anonymous	9 BMO Nesbitt
12:24:35	1.4	-0.31	12,900	9 BMO Nesbitt	9 BMO Nesbitt
12:22:08	1.4	-0.31	3,000	99 Jitney	9 BMO Nesbitt
12:22:06	1.4	-0.31	1,500	99 Jitney	9 BMO Nesbitt
12:22:04	1.4	-0.31	21,900	1 Anonymous	9 BMO Nesbitt
12:22:02	1.4	-0.31	25,000	33 Canaccord	9 BMO Nesbitt
12:20:43	1.4	-0.31	25,000	1 Anonymous	9 BMO Nesbitt
12:20:25	1.4	-0.31	22,900	1 Anonymous	9 BMO Nesbitt
12:20:01	1.4	-0.31	1,200	85 Scotia	9 BMO Nesbitt
12:15:40	1.4	-0.31	200	33 Canaccord	9 BMO Nesbitt
12:15:40	1.4	-0.31	200	33 Canaccord	9 BMO Nesbitt
12:15:40	1.4	-0.31	500	33 Canaccord	9 BMO Nesbitt

As you can see Anonymous bought 129k of this and Canaccord got 23.6k, which accounts for about $150k leaving relatively little that was "sold off" to retailers. From the time-stamps and interspersed trade activity (not shown above) I found that the insider put up mostly 25k sell orders with a couple of 50k ones as well over the course of an hour or so. You might interpret the relatively small number of shares that were sold by the insider as an attempt to influence sentiment. "If the insider is selling off I should to!!!" Based on the today's trades I guess you could say it's working.

I agree with comments about Lumina's involvement and I'm waiting for more news. You can bet they won't make the same mistake next time.

Reluctantly long....