big volume......means nothing Today, TD crossed a big block of 13,875,000 shares at $.115. It looks exciting, as if there is a big buyer in the market...but it means nothing. On 12/28/12, TD crossed its initial big block of 13,875,000 (the exact same amount of shares), at $.11.
Whats it mean? To me, in means likely nothing. Perhaps, it is the manipulation games that the big guys play. More likely, it is a tax wash. the guy crosses a big block right before year end to someone else at TD. He has a pre agreed buy back price after new year (so as to be able to take the stock loss), where the guy ("a friend") who bought at $.11, then sells at $.115, for a profit of $.005 or $70,000 for holding the stock for three weeks. A 5% return on his investment for less than one months time. The seller gets a BIG tax loss, no doubt exceeding $70,000, but could be as much as $1,500,000 or more, who knows.
I know this much, it has nothing to do with LFD itself. For progress on LFD we wait and wait.....