OTCPK:CRZNF - Post by User
Comment by
Czicfwillgetermiton Apr 16, 2013 4:56pm
287 Views
Post# 21260513
RE: sprott mgt
RE: sprott mgt If i remember correctly the other big block bids usually have resulted In net losses for the day in the range of 5%. Today's bid showed up near low of day during trading hours unlike the others that showed up after market close. Another difference is the other two big blocks got chewed through that same trading day near the close and that didnt happen today and there was no net loss. Many miners gave up all their early gains today. Not sure if this is a line in the sand or if they plan on moving the line tomorrow but it may not be Sprott selling This time.
These MM have 98% control of price and short term direction because of the thin trading imo. Would it surprise me if they threw a big block out there to support, collect and recycle shares for a big client Nope. We will see tomorrow I guess.