RE:RE:the plunge continuesI think margin calls are coming out and also, those who bought only for the dividend are selling no matter what price. This is a painful process for a stock that lacks liquidity.
Imo, the selling is irrational and the snapback should be quite sharp, after the liquidation wave is over.
The question is when will it be over ? And at what price? We should be close and i think 7.75-8.00 will be a bottoming zone.
For now, the agenda seems to be driven by RBC(2) which has a large seller and an almost-as-large buyer, and is driving the price down by crossing blocks (away from the TSX, in case anyone would notice !)
| Trades for C:BR on 20150317 for broker #2 - 23 trades displayed |
| 09:47:57 |
X |
9.75 |
-0.55 |
40,000 |
2 RBC |
2 RBC |
K |
| 15:58:08 |
X |
9.00 |
-1.30 |
25,000 |
2 RBC |
2 RBC |
K |
|
| Trades for C:BR on 20150318 for broker #2 - 60 trades displayed |
| 09:47:23 |
X |
8.75 |
-0.25 |
50,000 |
2 RBC |
2 RBC |
K |
| 10:06:15 |
X |
8.50 |
-0.50 |
50,000 |
2 RBC |
2 RBC |
K |
| 12:27:28 |
X |
8.20 |
-0.80 |
28,000 |
2 RBC |
2 RBC |
K |
| 15:48:29 |
X |
8.00 |
-1.00 |
25,000 |
2 RBC |
2 RBC |
K |
| 10:19:00 |
X |
8.50 |
-0.50 |
5,000 |
2 RBC |
2 RBC |
K |
| House Positions for C:BR from 20150316 to 20150318 |
| 85 Scotia |
12,280 |
109,342 |
8.904 |
4,000 |
37,944 |
9.486 |
8,280 |
-71,398 |
| 7 TD Sec |
14,405 |
145,585 |
10.107 |
10,682 |
102,841 |
9.628 |
3,723 |
-42,744 |
| 79 CIBC |
25,700 |
228,277 |
8.882 |
22,215 |
185,864 |
8.367 |
3,485 |
-42,413 |
| 9 BMO Nesbitt |
12,275 |
112,311 |
9.15 |
8,870 |
84,596 |
9.537 |
3,405 |
-27,715 |
| 54 Global |
1,645 |
15,757 |
9.579 |
0 |
|
1,645 |
-15,757 |
| 48 Laurentian |
1,000 |
9,433 |
9.433 |
70 |
685 |
9.786 |
930 |
-8,748 |
| 19 Desjardins |
1,425 |
12,407 |
8.707 |
500 |
5,125 |
10.25 |
925 |
-7,282 |
| 22 Fidelity |
500 |
5,247 |
10.494 |
0 |
|
500 |
-5,247 |
| 33 Canaccord |
500 |
4,075 |
8.15 |
0 |
|
500 |
-4,075 |
| 64 Octagon |
500 |
5,244 |
10.488 |
0 |
|
500 |
-5,244 |
| 14 ITG |
300 |
2,652 |
8.84 |
0 |
|
300 |
-2,652 |
| 28 BBS |
239 |
2,034 |
8.51 |
0 |
|
239 |
-2,034 |
| 99 Jitney |
4,000 |
39,129 |
9.782 |
3,800 |
37,104 |
9.764 |
200 |
-2,025 |
| 124 Questrade |
117 |
1,207 |
10.316 |
10 |
88 |
8.80 |
107 |
-1,119 |
| 39 Merrill Lynch |
400 |
4,015 |
10.038 |
300 |
3,220 |
10.733 |
100 |
-795 |
| 83 Mackie |
1,508 |
14,312 |
9.491 |
1,438 |
13,471 |
9.368 |
70 |
-841 |
| 65 Goldman |
800 |
7,172 |
8.965 |
800 |
7,055 |
8.819 |
0 |
-117 |
| 58 Qtrade |
195 |
1,742 |
8.933 |
320 |
3,683 |
11.509 |
-125 |
1,941 |
| 88 Credential |
670 |
6,225 |
9.291 |
884 |
8,669 |
9.807 |
-214 |
2,444 |
| 80 National Bank |
630 |
6,359 |
10.094 |
1,260 |
12,434 |
9.868 |
-630 |
6,075 |
| 25 Odlum |
0 |
|
2,000 |
21,689 |
10.845 |
-2,000 |
21,689 |
| 77 Peters |
0 |
|
2,300 |
24,442 |
10.627 |
-2,300 |
24,442 |
| 1 Anonymous |
25,800 |
254,230 |
9.854 |
28,500 |
268,365 |
9.416 |
-2,700 |
14,135 |
| 73 Cormark |
2,800 |
23,240 |
8.30 |
8,600 |
92,546 |
10.761 |
-5,800 |
69,306 |
| 2 RBC |
282,777 |
2,591,373 |
9.164 |
293,917 |
2,691,547 |
9.158 |
-11,140 |
100,174 |
| TOTAL |
390,466 |
3,601,368 |
9.223 |
390,466 |
3,601,368 |
9.223 |
0 |
0 |
Tomorrow I will keep an eye on RBC(2) but also CIBC(79) - they were the late seller today and were getting out at the worst prices.
Here's to better prices in the future.