Great Green Day (short covering saved the day)Amazing what 1 day can do to the share price and spirits of the faithfull (and not so faithfull). Hopefully this downturn is a one op and normalcy prevails, however without a licence and material news there is always some risk to the downside in the short term.
Last Thursday was the start of the decimation of the TNY share price, and the following "House Positions" shows the positions of the Brokerage houses from last Thursday (decimation day) to today (recovery day). With minor exceptions, the amount of shares bought are very close to the amount of shares sold. Lots of trading and with it the obvious shorting and covering.
Tomorrow looks very promising!
| House Positions for C:TNY from Thurs Jan 04 to Tues Jan 09 |
| 33 Canaccord | 902,224 | 1,352,143 | 1.499 | 120,300 | 153,625 | 1.277 | 781,924 | -1,198,518 |
| 7 TD Sec | 4,464,998 | 6,137,382 | 1.375 | 4,084,563 | 5,718,299 | 1.40 | 380,435 | -419,083 |
| 28 BBS | 177,910 | 252,388 | 1.419 | 60,037 | 72,764 | 1.212 | 117,873 | -179,624 |
| 13 Instinet | 4,279,200 | 5,876,112 | 1.373 | 4,187,700 | 5,792,341 | 1.383 | 91,500 | -83,771 |
| 79 CIBC | 1,346,362 | 1,815,197 | 1.348 | 1,289,613 | 1,797,765 | 1.394 | 56,749 | -17,432 |
| 19 Desjardins | 238,060 | 312,018 | 1.311 | 194,443 | 282,729 | 1.454 | 43,617 | -29,289 |
| 124 Questrade | 746,486 | 1,030,463 | 1.38 | 716,807 | 989,984 | 1.381 | 29,679 | -40,479 |
| 62 Haywood | 114,700 | 162,618 | 1.418 | 89,000 | 124,368 | 1.397 | 25,700 | -38,250 |
| 27 Dundee | 42,000 | 53,180 | 1.266 | 17,000 | 24,740 | 1.455 | 25,000 | -28,440 |
| 70 Manulife | 23,375 | 34,055 | 1.457 | 0 | | 23,375 | -34,055 |
| 80 National Bank | 161,220 | 222,994 | 1.383 | 143,374 | 206,725 | 1.442 | 17,846 | -16,269 |
| 68 Leede | 27,000 | 32,935 | 1.22 | 12,223 | 19,844 | 1.623 | 14,777 | -13,091 |
| 89 Raymond James | 39,905 | 55,270 | 1.385 | 33,464 | 44,623 | 1.333 | 6,441 | -10,647 |
| 99 Jitney | 108,100 | 150,520 | 1.392 | 101,700 | 141,992 | 1.396 | 6,400 | -8,528 |
| 48 Laurentian | 5,400 | 7,102 | 1.315 | 2,000 | 2,820 | 1.41 | 3,400 | -4,282 |
| 25 Odlum | 0 | | 5,000 | 6,250 | 1.25 | -5,000 | 6,250 |
| 76 Industrial Alliance | 0 | | 7,135 | 9,032 | 1.266 | -7,135 | 9,032 |
| 14 ITG | 20,100 | 28,611 | 1.423 | 30,000 | 36,421 | 1.214 | -9,900 | 7,810 |
| 59 PI | 33,000 | 43,430 | 1.316 | 45,000 | 62,267 | 1.384 | -12,000 | 18,837 |
| 83 Mackie | 53,500 | 73,845 | 1.38 | 67,000 | 95,428 | 1.424 | -13,500 | 21,583 |
| 84 Ind Trading | 484,400 | 697,797 | 1.441 | 504,800 | 738,771 | 1.463 | -20,400 | 40,974 |
| 1 Anonymous | 828,480 | 1,140,159 | 1.376 | 856,680 | 1,227,314 | 1.433 | -28,200 | 87,155 |
| 143 Pershing | 30,378 | 40,580 | 1.336 | 61,783 | 74,141 | 1.20 | -31,405 | 33,561 |
| 36 Latimer | 45,137 | 61,350 | 1.359 | 89,922 | 125,125 | 1.391 | -44,785 | 63,775 |
| 22 Fidelity | 114,207 | 154,452 | 1.352 | 178,031 | 219,324 | 1.232 | -63,824 | 64,872 |
| 58 Qtrade | 76,061 | 108,129 | 1.422 | 173,620 | 237,328 | 1.367 | -97,559 | 129,199 |
| 74 GMP | 44,500 | 63,005 | 1.416 | 177,750 | 263,325 | 1.481 | -133,250 | 200,320 |
| 88 Credential | 97,461 | 129,935 | 1.333 | 237,430 | 325,522 | 1.371 | -139,969 | 195,587 |
| 2 RBC | 2,836,997 | 3,894,544 | 1.373 | 2,996,010 | 4,174,261 | 1.393 | -159,013 | 279,717 |
| 9 BMO Nesbitt | 1,967,729 | 2,754,654 | 1.40 | 2,231,987 | 2,997,605 | 1.343 | -264,258 | 242,951 |
| 85 Scotia | 1,318,321 | 1,828,241 | 1.387 | 1,912,839 | 2,548,376 | 1.332 | -594,518 | 720,135 |
| TOTAL | 20,627,211 | 28,513,109 | 1.382 | 20,627,211 | 28,513,109 | 1.382 | 0 | 0 |