HPQ Silicon Inc V.HPQ

RE:RE:we are fighting

[Oro_Fan]

Juno,

Do not underestimate the presence of day traders....

Remember that 70% of the volume on the TSX V presently is traders...


Second o, there is a lot of circumstantial evidences that demonstrate that these traders will try to play the range, and one of the way they play the range is have both bid and ask on the book, sometime they find themselves with long position, and sometime they find themselves in short position. (They do not have to report there short position, if they manage to close them or find a way to roll them over on the 15 and the 30 of the months...)

Want so proof:

Look at house position 88:

Present bid and ask;
V:UBR Depth by Order @11:15:51

Bid				Ask
Broker	Size	Price		Price	Size	Broker
1 Anonymous	5,000	0.065		0.07	20,000	58 Qtrade
1 Anonymous	1,000	0.06		0.07	15,000	88 Credential
7 TD Sec	15,000	0.06		0.075	22,000	88 Credential
1 Anonymous	4,000	0.055		0.075	26,000	7 TD Sec
85 Scotia	25,000	0.055		0.08	10,000	85 Scotia
7 TD Sec	30,000	0.055		0.08	18,750	124 Questrade
88 Credential	50,000	0.05		0.08	6,250	124 Questrade
1 Anonymous	4,000	0.05		0.08	1,000	79 CIBC
1 Anonymous	4,000	0.05		0.085	22,500	124 Questrade
9 BMO Nesbitt	24,000	0.045		0.085	10,000	85 Scotia

And now look at the house position from June 1 2013 to today:

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
81 HSBC	332,500	20,027	0.06	500	22	0.044	332,000	-20,005
2 RBC	890,000	51,305	0.058	560,760	35,831	0.064	329,240	-15,474
7 TD Sec	1,189,000	68,327	0.057	979,081	56,924	0.058	209,919	-11,403
80 National Bank	270,333	17,661	0.065	125,000	7,287	0.058	145,333	-10,374
99 Jitney	135,500	5,555	0.041	71,000	3,405	0.048	64,500	-2,150
58 Qtrade	30,000	1,650	0.055	10,000	650	0.065	20,000	-1,000
48 Laurentian	10,500	615	0.059	0			10,500	-615
36 Latimer	12,844	735	0.057	8,044	507	0.063	4,800	-228
57 Interactive	0			12,850	798	0.062	-12,850	798
124 Questrade	20,750	1,206	0.058	47,000	2,735	0.058	-26,250	1,529
19 Desjardins	31,000	1,735	0.056	63,490	4,139	0.065	-32,490	2,404
88 Credential	79,400	3,970	0.05	125,400	8,659	0.069	-46,000	4,689
85 Scotia	376,500	20,980	0.056	436,750	27,478	0.063	-60,250	6,498
9 BMO Nesbitt	72,000	4,465	0.062	208,847	12,254	0.059	-136,847	7,789
79 CIBC	129,561	7,106	0.055	508,166	22,233	0.044	-378,605	15,127
1 Anonymous	147,000	7,180	0.049	570,000	29,595	0.052	-423,000	22,415
TOTAL	3,726,888	212,517	0.057	3,726,888	212,517	0.057	0	0

Funny that 88 is 46,000 short at 0.069 while being on the bid with 50,000 at 0.05...

Funny also they are showing 37,000 to sell at 0.07 and 0.075 !!!

Would not be surprise to see the same pattern with RBC and TD...