Falt day Since April 18 most dumping came from Anonymous 25.9m shares then from Raymond James 3.7m shares. Shares from Anonymous can be a number of sellers. But cannot be too many. This stock has no short position. The chances are that the present selling is liquidating of sellers’ position.
Today the selling from Anonymous & Raymond James continued. But is the last part of trading today did not see too many shares coming from them. Few buyers started nibbling at the offer. The main sellers could be slowing down or may have been done at these prices. We will know more next week if most of the selling is done at $. 08 & lower.
Today’s selling did not force the stock into red. The stock traded at $.08 to $.085. The trading spread was only $.005 not much with the potential of losing trading shares at these prices. The risk of trading in this area is that penny traders may not see more lows & traders may not be able to replenish at these or lower prices. Today stock seemed to be stabilizing after big beating & TSX traded lower.
Market book is improving as bid size grow. Not too many on the sell side. Market book is not relevant as long as there is dumping by the institutions. Dumping would eventually end. Some may be still waiting for the dust to settle.
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| | | # Orders | Shares | Bid | Ask | Shares | # Orders | | 21 | 646000 | 0.08 | 0.085 | 193000 | 7 | | 24 | 739000 | 0.075 | 0.09 | 342000 | 15 | | 32 | 1170000 | 0.07 | 0.095 | 434000 | 15 | | 21 | 2956000 | 0.065 | 0.1 | 364000 | 11 | | 32 | 940000 | 0.06 | 0.105 | 193000 | 1 | | | | | |
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Beside sellers, Anonymous & RJ. There is only one clear buyer UBS, which has so far accumulated 8 million, shares on TSX only followed by Dundee. The purchase of 8 million shares, by UBS is nothing. It amounts to $640000, which is a small amount.
| House Positions for C:ELR from 20130426 to 20130426 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
| 15 UBS | 1,769,500 | 142,582 | 0.081 | 0 | | 1,769,500 | -142,582 |
| 79 CIBC | 229,539 | 18,363 | 0.08 | 20,000 | 1,700 | 0.085 | 209,539 | -16,663 |
| 2 RBC | 135,620 | 10,973 | 0.081 | 15,000 | 1,275 | 0.085 | 120,620 | -9,698 |
| 13 Instinet | 107,500 | 8,900 | 0.083 | 0 | | 107,500 | -8,900 |
| 80 National Bank | 29,655 | 2,369 | 0.08 | 9,240 | 749 | 0.081 | 20,415 | -1,620 |
| 33 Canaccord | 29,433 | 2,501 | 0.085 | 20,322 | 1,624 | 0.08 | 9,111 | -877 |
| 81 HSBC | 10,000 | 800 | 0.08 | 6,000 | 510 | 0.085 | 4,000 | -290 |
| 101 Newedge | 3,500 | 280 | 0.08 | 0 | | 3,500 | -280 |
| 14 ITG | 0 | | 148 | 11 | 0.074 | -148 | 11 |
| 46 Macquarie | 0 | | 5,000 | 400 | 0.08 | -5,000 | 400 |
| 53 Morgan Stanley | 0 | | 20,000 | 1,600 | 0.08 | -20,000 | 1,600 |
| 19 Desjardins | 0 | | 40,000 | 3,400 | 0.085 | -40,000 | 3,400 |
| 124 Questrade | 9,900 | 792 | 0.08 | 96,000 | 8,160 | 0.085 | -86,100 | 7,368 |
| 7 TD Sec | 488,682 | 40,195 | 0.082 | 667,800 | 55,499 | 0.083 | -179,118 | 15,304 |
| 85 Scotia | 201,566 | 16,813 | 0.083 | 385,000 | 31,435 | 0.082 | -183,434 | 14,622 |
| 9 BMO Nesbitt | 85,000 | 6,950 | 0.082 | 280,885 | 23,870 | 0.085 | -195,885 | 16,920 |
| 89 Raymond James | 0 | | 360,500 | 28,840 | 0.08 | -360,500 | 28,840 |
| 1 Anonymous | 398,000 | 33,315 | 0.084 | 1,572,000 | 125,760 | 0.08 | -1,174,000 | 92,445 |
| TOTAL | 3,497,895 | 284,833 | 0.081 | 3,497,895 | 284,833 | 0.081 | 0 | 0 |