Twin Butte Energy Ltd TBTEF

The stock was punished for repeated excuses

[PUNJABI]

Massive volume of over 66.7 million shares on all Canadian exchange. The stock was punished for repeated excuses. Before the QTR results the stock had pulled back from recent top of $2.50. The new management is an unknown quantity.

Few large intuitional sellers used Anonymous & dumped huge amount of shares right to the close. In the last two hours they because aggressive & did not allow the stock to breath let alone rebound. There were other large sellers like Morgan Stanley, Jennings, Barclays & CIBC. Lot of HFT for small spread. The massive volume was inflated by some crosses & lot of HFT. Still 66.7m volume is huge about 19.33 % of the total outstanding shares.

Now the stock is way under 200 ma plus it is not marginable. Some margin related selling too.
Lot of bargain hunting some by retail buyers too . TD, Peters, GMP & Canaccord besides crossing large blocks bought TBE shares.

This was exceptional volume and absorbed lot of shares.Seller were in control & caused lot of damage to the share price. In two weeks we would know if some short seelers were active too. Sellers will eventually be exhausted & the stock will settle. Some bargain hunters jumped in while others will wait till the agressive selling is done.

The stock is now very oversold.

House Positions for C:TBE from 20140514 to 20140514

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	4,207,154	7,869,464	1.87	1,921,255	3,606,687	1.877	2,285,899	-4,262,777
77 Peters	9,733,300	18,003,953	1.85	7,907,066	14,620,913	1.849	1,826,234	-3,383,040
74 GMP	2,236,125	4,147,439	1.855	1,224,500	2,328,284	1.901	1,011,625	-1,819,155
33 Canaccord	9,530,000	17,966,726	1.885	8,928,000	16,843,199	1.887	602,000	-1,123,527
9 BMO Nesbitt	787,779	1,490,722	1.892	464,973	914,307	1.966	322,806	-576,415
124 Questrade	295,165	548,377	1.858	51,669	99,591	1.927	243,496	-448,786
65 Goldman	171,300	317,202	1.852	0			171,300	-317,202
62 Haywood	155,600	299,077	1.922	6,000	11,620	1.937	149,600	-287,457
86 Pictet	67,900	127,902	1.884	0			67,900	-127,902
58 Qtrade	61,692	119,939	1.944	20	39	1.95	61,672	-119,900
19 Desjardins	75,070	141,425	1.884	19,770	36,906	1.867	55,300	-104,519
72 Credit Suisse	300,500	576,620	1.919	249,200	467,878	1.878	51,300	-108,742
59 PI	53,500	99,270	1.856	2,700	5,157	1.91	50,800	-94,113
15 UBS	90,300	165,888	1.837	45,418	88,231	1.943	44,882	-77,657
89 Raymond James	59,882	112,919	1.886	26,028	49,360	1.896	33,854	-63,559
68 Leede	30,500	58,104	1.905	1,500	2,730	1.82	29,000	-55,374
25 Odlum	20,000	36,600	1.83	0			20,000	-36,600
85 Scotia	7,855,854	14,242,086	1.813	7,847,387	14,192,965	1.809	8,467	-49,121
88 Credential	12,480	23,507	1.884	5,000	9,650	1.93	7,480	-13,857
56 Edward Jones	5,900	10,845	1.838	0			5,900	-10,845
22 Fidelity	12,500	23,723	1.898	6,755	12,522	1.854	5,745	-11,201
95 Wolverton	5,000	10,000	2.00	0			5,000	-10,000
36 Latimer	30,700	56,245	1.832	26,800	49,696	1.854	3,900	-6,549
70 Manulife	3,400	7,038	2.07	0			3,400	-7,038
28 BBS	3,116	6,279	2.015	0			3,116	-6,279
48 Laurentian	4,900	9,065	1.85	2,500	4,700	1.88	2,400	-4,365
143 Pershing	1,500	2,707	1.805	0			1,500	-2,707
57 Interactive	643	1,294	2.012	51	90	1.765	592	-1,204
14 ITG	600	1,101	1.835	37	67	1.811	563	-1,034
102 Lakeshore	106	193	1.821	0			106	-193
8 Maple	0			200	414	2.07	-200	414
101 Newedge	12,900	25,077	1.944	13,600	25,300	1.86	-700	223
83 Mackie	0			4,500	9,235	2.052	-4,500	9,235
96 Blackwatch	141,700	265,956	1.877	151,500	285,919	1.887	-9,800	19,963
27 Dundee	59,300	108,415	1.828	69,900	137,801	1.971	-10,600	29,386
3 AltaCorp	272,200	508,962	1.87	288,900	535,898	1.855	-16,700	26,936
76 Industrial Alliance	26,000	47,748	1.836	46,400	89,677	1.933	-20,400	41,929
80 National Bank	853,386	1,645,546	1.928	873,999	1,694,575	1.939	-20,613	49,029
99 Jitney	412,200	776,713	1.884	437,100	813,598	1.861	-24,900	36,885
13 Instinet	211,810	398,291	1.88	280,900	523,842	1.865	-69,090	125,551
39 Merrill Lynch	44,800	87,426	1.951	133,200	254,297	1.909	-88,400	166,871
16 Paradigm	394,900	727,843	1.843	599,200	1,097,991	1.832	-204,300	370,148
2 RBC	1,799,086	3,379,340	1.878	2,058,520	3,843,610	1.867	-259,434	464,270
79 CIBC	2,401,675	4,525,185	1.884	2,766,212	5,167,426	1.868	-364,537	642,241
90 Barclays	0			826,900	1,554,760	1.88	-826,900	1,554,760
121 Jennings	1,483,837	2,745,042	1.85	2,454,700	4,538,092	1.849	-970,863	1,793,050
53 Morgan Stanley	33,000	61,528	1.864	1,368,200	2,550,902	1.864	-1,335,200	2,489,374
1 Anonymous	4,119,000	7,679,049	1.864	6,967,700	12,989,902	1.864	-2,848,700	5,310,853
TOTAL	48,078,260	89,457,831	1.861	48,078,260	89,457,831	1.861	0	0