GREY:STPJF - Post by User
Comment by
ShatnersRugon Apr 16, 2014 1:34pm
140 Views
Post# 22459225
RE:RE:RE:IR
RE:RE:RE:IR
Actually, it's probable that the selling today is mostly retail.
85% of the trades have occurred on the TSX.
9% on the Alpha
6% for the other 8 or 9
Not institutional because:
1) volume currently sits at 514,100 shares
2) brokers, MMs, and whathaveyou will use the dark pool exchanges for subterfuge
3) The downward momentum caused by the broker pressure is continuing.
What we are seeing is a self-inflicted retail wound.
This is why I have stated on many occasions that STP is not a good day trade. For 2 weeks we had tremendous institutional attention, and we saw that in the Level 2 quotes. What we're seeing now, as of today, is all retail.
My access to Level 2 Market depth is the best investment I have ever made. You guys should consider doing the same if trading/investing is something you want to do with your days.
When the next NR is issued, and assuming its information is that which is expected, the iceberg(s) will be lifted and the share price should catapult forward in a big way. The elastic band is being pulled to its limit....
Should be interesting.