OTCPK:EUCTF - Post by User
Comment by
StockMagicianon Apr 21, 2017 12:52pm
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Post# 26149389
RE:RE:RE:RE:RE:RE:RE:Some rather bitter posters
RE:RE:RE:RE:RE:RE:RE:Some rather bitter posters Chutzpah wrote: StockMagician wrote: I'm a bitter poster too. However, I'm not bitter about the company, but rather about the market. Or should I say markets? I'm bitter that we still don't have an open and unified market to trade stocks on in Canada.
Today I'm bitter that we have the Omega que jumping to take away a buyer who wanted to pick up 12,000 EUO at .12. The buy should have taken place on the TSX-V and should have reduced the 'public' amount on the ask at .12. If these alternate exchanges would stop doing that, maybe we could clear away some of the overhang on the TSX-V at .12 and start moving higher again.
I'm not totally against the alternate exchanges, but they sure don't play fair. There should be a unified level II available to everyone combining all of the orders from all of the exchanges. And of course, there should be a firm First In, First Out rule.
This is the LAST of the problems EUO longs face but of course makes a great scape goat for the pumpers here....
How is asking for a Fair and Transparent market getting turned into a scape goat excuse for the longs?
If the market was fair, the 27000 bought at .12 so far on the Omega today would have been removed from the ask on the TSX-V instead. This would have reduced the visible shares for sale at .12 by about 20%. More than 2/3 of the volume traded today has currently taken place on the alternate exchanges. When did their purpose change from being support for the markets to loophole exchanges for fund managers?