Tally ho!! (the two-day tally)At 9:00 a.m., EDT, yesterday, Newswire carried BGM's latest less-than-earth-shattering news release. Stockwatch released it at 9:05 a. m., EDT.
First two trades were at 9:30:00 a.m., EDT, anonymous to TD @ 24,5 cents. Second two trades, at 9:33:09, were anony to RBC (1,500 shares @ 24.5 ) and 500 shares BMO to RBC @ 26. Total TSX.V volume was 141 K, with daytrading very much in evidence. TD was the only long @ 37.6 K, and anony, Nat'l, BMO and RBC shedding 38.6 K. Open was 25 cents, high was 27 and the close was 25. Bit of a dud, hmmmm?
Open today was 27, the high has been 28 and the low was 26. Total TSX.V volume is 47.9 K, with TD as the only long with 30 K, and CIBC, Mackie, RBC and desjardins shedding 32.3 K. Even more of a dud, hmmmm?
IMO, this goose is cooked and dead in the water. With almost 130 million shares now out (and all underwater from strike prices), it's only RocketRed who's going to cash in from yesterday and today and, even then, for him it'll likely be chump change.