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Bellatrix Exploration Ltd (Canada) BXEFF

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Comment by Sixtyminutemanon Apr 04, 2017 8:16am
312 Views
Post# 26071926

RE:RE:Only Thing Wrong With BXE

RE:RE:Only Thing Wrong With BXESimple, just look at your live order book of the bids & asks during the trading day, mine was called a 'Level 2' on my old trading platform; it has no name on the TD Platform. In the old days before electronic trading, this would be called collusion (people talking/trading/working together to move a stock), but now days their computers do the talking; possibly that is how they are getting away with it. Bids & Asks from the same exchanges line up on both sides with the same price, bid/ask; if they want it to go up they start trading 100 shares at a time w/i milli-second. If the price is low enough, under or near a dollar, they may trade 200, 300, 500 shares at a time; whatever it takes to move the stock up or down by eliminating the current bid/ask. When one exchange (backed by a computer order or sell from a broker, etc, etc) changes its price the others will change w/i a milli-second to the same price. It appears everybody's computer is programed alike so they will operate in unison or either its one hedge fund or a big player is putting all these bid/asks on to different exchanges with their computer. Whatever, the results are the same; they can move the price up/dn. If the price starts to go up/dn past the desired point, all exchanges will put up hundreds or thousands of shares in the bid or ask to block the price from going up or down, again w/i a milli-second. I used to be a programmer on IBM Mainframes, I may not have it exactly right, but I'd bet I'm not far off the mark. Again, this is not fair for the average investor, but its happening.
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