Lightstream Resources Ltd. LSTMF

Possible Reversal

[PUNJABI]

I have seen Peters buying & selling oil stocks in large quantities. Has to be an institutional order. More than 20 % gain in one day was created by the large quantity of shares bought by Peters & the style of buying which triggered more buying in the stock.

In certain conditions aggressive large institutional selling can trigger sell-off & at times large buying can trigger more buying & big spike in share price.

RBC ran the usual small buy program in the morning but the stock spiked very fast & RBC could only buy few thousand shares under $3.00. They were not party to this run up. Saw some trades from RBC above $3.00 not sure if they were related to buy back. The total number of shares bought by RBC for all accounts was not too many. TMX has not yet updated the insider report.

The stock jumped over $3.00 in the first 30 minutes of trading & kept on running all day with very small pull backs when Peters was not taking out the offers. Peters triggered waves of buying. From time to time a few sellers came out to sell thinking that Peter was done. But Peters kept coming back & even bought some shares in the last five minutes before the close.

The main question is if Peters is done buying or will he be buying tomorrow again.

Barring a further collapse in Oil price. LTS chart is looking better. There was short consolidation & we have a possible reversal. The stock is now above the 20 sma & has closed well above the last high. With sharp spikes there is always a possibility of some retesting. But one has to be careful not to blow out all shares too early.

Traders use to sell under 20 sma or next bounce & buy new lows & in the last few weeks around $2.70 area. If the reversal holds then this stock should be creating higher lows & should not dip too much below the 20 sma. In a reversal 20 sma is a buy. If this is not a reversal & the oil remains weak then there is possibility of the stock being range bound & consolidattion before the next leg up.

You cannot ignore the short position & buy back. that is extra gravy. Which would provide lot of support to the stock & in ideal conditions set the stock on fire, like today?

Personally I did not expect the stock to run up over 20 % in a day. High beta & small flaot stocks you can get big spikes. The exciting thing about stock market is that it is unpredictability.


House Positions for C:LTS from 20141120 to 20141120

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
77 Peters	804,200	2,543,135	3.162	0			804,200	-2,543,135
90 Barclays	165,800	517,288	3.12	0			165,800	-517,288
53 Morgan Stanley	172,267	563,530	3.271	77,955	246,533	3.163	94,312	-316,997
72 Credit Suisse	89,291	285,956	3.203	4,500	15,027	3.339	84,791	-270,929
65 Goldman	72,300	230,727	3.191	357	1,120	3.137	71,943	-229,607
99 Jitney	75,500	244,938	3.244	20,100	65,392	3.253	55,400	-179,546
74 GMP	106,800	341,172	3.194	55,569	176,582	3.178	51,231	-164,590
101 SG Capital	83,819	265,182	3.164	39,300	121,835	3.10	44,519	-143,347
27 Dundee	101,800	320,138	3.145	62,500	196,550	3.145	39,300	-123,588
1 Anonymous	280,200	884,648	3.157	257,100	828,186	3.221	23,100	-56,462
25 Odlum	9,825	31,441	3.20	1,880	6,062	3.224	7,945	-25,379
2 RBC	164,895	513,877	3.116	160,320	508,185	3.17	4,575	-5,692
37 MacDougall	4,500	13,995	3.11	0			4,500	-13,995
59 PI	4,300	14,640	3.405	0			4,300	-14,640
84 Ind Trading	6,800	21,400	3.147	3,218	10,155	3.156	3,582	-11,245
13 Instinet	41,400	125,470	3.031	38,600	121,153	3.139	2,800	-4,317
124 Questrade	11,400	37,002	3.246	10,032	31,493	3.139	1,368	-5,509
58 Qtrade	2,155	6,720	3.118	1,725	5,267	3.053	430	-1,453
28 BBS	0			235	724	3.081	-235	724
123 Citigroup	0			525	1,635	3.114	-525	1,635
143 Pershing	400	1,322	3.305	1,000	3,140	3.14	-600	1,818
83 Mackie	2,000	6,540	3.27	3,000	9,750	3.25	-1,000	3,210
70 Manulife	0			1,200	3,773	3.144	-1,200	3,773
22 Fidelity	1,500	4,535	3.023	4,000	13,480	3.37	-2,500	8,945
88 Credential	1,060	3,337	3.148	5,606	18,259	3.257	-4,546	14,922
89 Raymond James	0			4,625	15,296	3.307	-4,625	15,296
14 ITG	0			7,050	23,454	3.327	-7,050	23,454
19 Desjardins	12,583	40,767	3.24	23,070	74,772	3.241	-10,487	34,005
62 Haywood	0			11,210	35,221	3.142	-11,210	35,221
80 National Bank	19,715	60,026	3.045	33,872	106,056	3.131	-14,157	46,030
39 Merrill Lynch	213,700	663,656	3.106	231,732	723,995	3.124	-18,032	60,339
79 CIBC	544,182	1,710,278	3.143	574,941	1,824,036	3.173	-30,759	113,758
42 Global Maxfin	0			33,500	109,238	3.261	-33,500	109,238
15 UBS	12,794	40,627	3.175	59,476	189,778	3.191	-46,682	149,151
85 Scotia	54,967	178,845	3.254	182,651	573,589	3.14	-127,684	394,744
33 Canaccord	0			131,653	416,389	3.163	-131,653	416,389
9 BMO Nesbitt	25,590	79,156	3.093	197,733	624,610	3.159	-172,143	545,454
7 TD Sec	339,575	1,063,701	3.132	1,185,083	3,713,314	3.133	-845,508	2,649,613
TOTAL	3,425,318	10,814,049	3.157	3,425,318	10,814,049	3.157	0	0