GREY:LSTMF - Post by User
Post by
PUNJABIon Dec 10, 2014 8:26pm
302 Views
Post# 23217577
Big sell off again.
Big sell off again.There were 328 securities that created new lows & about 30 ETFS. I bet there would be dozens of Mutual Funds too.
This new lows create forced selling because of margin calls & fund redemptions. Some of the hedge fund borrow on margin too & get margin calls.
Sometimes during market meltdown some the hedge funds run into trouble & have to liquidate large position in a hurry..
When ETFS redemptions take place it affects the entire sector. These days no oil stock is being spared. All popular oil stocks are also creating new lows.
Some the same securities are making constant lows. This show will go on till we see a bottom in Oil.
The slide in Oil prices have been so rapid & without any bounces.
Exchange Statistics for T - TSX on 2014-12-10
| Issues Advanced |
411 |
| Issues Unchanged |
240 |
| Issues Declined |
1,307 |
| Issues Traded |
1,958 |
| Volume Advanced |
46,738,973 |
| Volume Unchanged |
22,233,248 |
| Volume Declined |
428,866,904 |
| Total Share Volume |
497,839,125 |
| Total Dollar Volume (1000s) |
9,268,536 |
| Total Trades |
1,296,838 |
| TICK |
0.970 |
| TRIN (Arms Index) |
2.885 |
| New Highs |
30 |
| New Lows |
328 |
* TICK is calculated by (issues on uptick/issues on downtick)
* TRIN (Arms Index) is calculated by (issues advanced/issues declined)/(volume advanced/volume declined)