RE:RE:Today's Trading January 23I stopped trying to figure out why one guy would sell at what seems like the most inopportune time. There could be so many reasons. It could be an institutional player as most small traders don't sell anonymously. Just for fun I did a one month tally of the trading in the stock and it shows that the anonymous seller has net sales of 1,721,000 shares, which is what $101,000?
Just a few more weeks of waiting. It won't be fun and Glenn isn't helping, but that's the way it goes. I had a lot of friends make a fortune on Corriente. The ones who bought the stock and forgot about it did best. Those who tried to time the market did worst.
House Positions for C:EGX from 20141226 to 20150123 |
2 RBC | 674,567 | 38,977 | 0.058 | 147,500 | 9,002 | 0.061 | 527,067 | -29,975 |
85 Scotia | 503,700 | 30,976 | 0.061 | 77,700 | 4,562 | 0.059 | 426,000 | -26,414 |
9 BMO Nesbitt | 542,000 | 30,760 | 0.057 | 237,326 | 13,205 | 0.056 | 304,674 | -17,555 |
124 Questrade | 319,000 | 20,214 | 0.063 | 36,200 | 2,358 | 0.065 | 282,800 | -17,856 |
80 National Bank | 216,830 | 13,265 | 0.061 | 71,900 | 4,559 | 0.063 | 144,930 | -8,706 |
15 UBS | 111,000 | 6,660 | 0.06 | 0 | | 111,000 | -6,660 |
19 Desjardins | 261,600 | 15,507 | 0.059 | 165,500 | 9,972 | 0.06 | 96,100 | -5,535 |
79 CIBC | 136,800 | 8,118 | 0.059 | 57,000 | 3,485 | 0.061 | 79,800 | -4,633 |
58 Qtrade | 20,000 | 1,300 | 0.065 | 0 | | 20,000 | -1,300 |
28 BBS | 15,000 | 825 | 0.055 | 0 | | 15,000 | -825 |
39 Merrill Lynch | 18,000 | 1,090 | 0.061 | 5,000 | 325 | 0.065 | 13,000 | -765 |
143 Pershing | 10,000 | 600 | 0.06 | 0 | | 10,000 | -600 |
99 Jitney | 21,000 | 1,260 | 0.06 | 16,000 | 1,010 | 0.063 | 5,000 | -250 |
89 Raymond James | 16,626 | 995 | 0.06 | 16,301 | 1,009 | 0.062 | 325 | 14 |
13 Instinet | 0 | | 11,000 | 715 | 0.065 | -11,000 | 715 |
33 Canaccord | 0 | | 35,500 | 2,097 | 0.059 | -35,500 | 2,097 |
88 Credential | 5,300 | 344 | 0.065 | 65,000 | 3,575 | 0.055 | -59,700 | 3,231 |
36 Latimer | 71,454 | 3,957 | 0.055 | 153,000 | 9,180 | 0.06 | -81,546 | 5,223 |
7 TD Sec | 1,740,050 | 100,756 | 0.058 | 1,867,000 | 109,145 | 0.058 | -126,950 | 8,389 |
1 Anonymous | 570,000 | 33,015 | 0.058 | 2,291,000 | 134,420 | 0.059 | -1,721,000 | 101,405 |
TOTAL | 5,252,927 | 308,619 | 0.059 | 5,252,927 | 308,619 | 0.059 | 0 | 0 |