RE:RE:London weak
Hard to say what is going on but it looks, to me, like it is the London trading controlling our (TSX) market today. IAE has traded nearly 900,000 shares in London so far today with no macro events controlling the direction. Just before our market opening, there was selling pressure with about 200,000 shares trading between 87.7 and 88.7 cents equivalent. It could have been a margin call for a portfolio, fund readjustment, some group testing support levels, ...
Canadian trading is normally within a penny equivalent of the British price. Much more than that, the arbitrage computer trades will come in and close the gap, making the fraction of a cent on the trades.
Interesting to watch and speculate from a distance in any event.