RE:RE:RE:I effin hate CanaccordNewbie aka refresh19; Allow me to dumb it down a little for ya bud.... It might help you think before you post next time. (Seeing as you just joined SH today?)
Why would 'said' broker be unloading millions of shares on the bid, constantly? Your comments make it sound like this is normal behavior because if there's no demand, stock price goes down... Well... as a buyer if I see the pressure constantly on the bid, why would I move up and buy from the offer when one broker has a limitless amount of stock to 'hold down the price' ?
Unfortunately when you deal with the rats that are house #33 this type of thing happens constantly. (are you new to trading on the venture by any chance and unfamiliar with Canaccord's tactics?) Canaccord has sold 12.4 Million+ shares in the last 12 months....
Ergo, as per my last post, did they scoop up 12 million shares in a PP in the last 2 years? Not that I can find but perhaps some that theorize the stock is being played ie. held down makes a lot more sense that you care to acknowledge?
I've never ever heard of anyone passive-aggressively defend house #33 and I've been here a long time... Is that where your account is or do you work for them? lol
Or else they are selling at a big loss, which doesn't make much sense either.
| Broker Positions for C:EGX Broker #33 from 20121001 to 20131007 |
| TOTAL | 2,761,778 | 217,288 | 0.079 | 12,464,653 | 893,817 | 0.072 | | -9,702,875 | | 676,529 |
If you aren't concerned about the way this stock is traded thats your prerogative. I happen to think its just a tad more important when dealing with junior companies on the venture exch...
As in EGX is ripe for a takeover and could easily be held down for a cheaper takover price?
thx and good luck