Canadian Imperial Venture V.CQV.H

RE: i think some one boo boobed

[myamigo]

fordtrucks said...

it appears someone made a desperate attempt to raise the sp

I think you're wrong there fordie...

https://www.quotemedia.com/results.php?qm_page=4397&qm_symbol=CQV:CA

Trades for Canadian Imperial Venture Corp. (CQV:CA)

$ 0.035

0.005 (+16.67%)

Volume: 355 k

9:30 AM EST Jan 24, 2012

Time & Sales

	Price	Size	Exch	Time	Buy	Sell
	.035	175,000	TSXV	09:30:00	085	080
	.035	39,000	TSXV	09:30:00	085	002
	.035	45,000	TSXV	09:30:00	085	007
	.035	10,000	TSXV	09:30:00	085	079
	.035	45,000	TSXV	09:30:00	085	033
	.035	36,000	TSXV	09:30:00	085	085
	.035	5,000	TSXV	09:30:00	007	007
	.03	5,000	TSXV	01/23	124	033
	.03	25,000	TSXV	01/23	124	080
	.03	61,000	TSXV	01/23	085	002
	.03	6,000	TSXV	01/23	085	002
	.03	4,000	TSXV	01/23	099	002
	.03	30,000	TSXV	01/23	099	085

The first trade may be a cross trade but the remaining ones add up to 350k shares and involve a single buyer from Scotia but different sellers in each part of the trade. If that was a "desperate attempt to raise the sp" then Scotia might have arranged a cross trade to him (or her) self. It's possibly a novice investor that got excited when the 0.03 asks cleared before open and comitted perhaps prematurely at .035 because he could have probably picked up his shares at 0.03 as you say but I think it was an honest trade.

It might have also been an order that was filled automatically when the target 0.035 price got hit. If so that's another sign of a novice investor.