RE:What the F was that 500K Bid Today For?Bid was not pulled. It lasted til the end. He (CIBC) got rough guess about 220k shares. Hard to figure out who was buying.
Nonetheless, it is a strong bullish sign. Likely an institutional investor or a huge individual investor.
A big bid like that drew out a lot of weak hands who came out of the woodworks.
Looks like it was a day order. I don't see the bid in level 2 market depth right now.
They definitely need funds now. Look at financials just released. Just a matter how long they can hold off until good news are released.
scorpio1 wrote:
Is someone trying to play games with us today or are there people/institutions that are that stupid to post their intent when the asks are still pretty thin with this stock. It's like saying "hello , I am here and I want your stock big time" . I didn't see what happenned later in the day but it looks like the bid eventually got pulled after 100k+ shares got acquired. If the bid shows up again tomorrow, well then I will be buying. I get the sense that a big financing is in the works and somebody is trying to get in before the news breaks. All just my speculation. Got my position....do you have yours? If the price goes down with a gold rout...I will be buying more. Saved enough money for that scenario if that plays out. Don't forget people that this stock was trading at over 5 bucks 2 years ago, with much less proven up that what we will see shortly.