GREY:CRIUF - Post by User
Comment by
deisman03on Feb 28, 2018 4:49pm
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Post# 27639392
RE:RE:At the low point today ...
RE:RE:At the low point today ... Sukhi19 wrote: Detailed press release will further restore confidence.
Institutions who bought at $8.43 and $9.80 for their customers, won't sit idle.
Rebalancing figures in the past indicate that institutions have lot of units over $8.
Only thing is that they do not invest their own money. but they won't let the shorts run wild with the units borrowed from them for shorting.
Today, 1.79+ million units traded hands. That's not retail investment strategy. That's a couple of big players. All of those units were BOUGHT. In fact, over a half million were bought in the last 50 minutes of retail trading time. What goes on in the hour of after market trading will be telling. My hunch is not much money traded hands on those large block trades. A value was likely declared for tax purposes etc, but I strongly suspect there was nowhere close to 1.79 million units that actually traded hands. 10 to 20 shorts with 50k units each could have done this by transferring units through different brokerages and declaring them as sales. Small 5k and less trades are very tough to track.
These units traded in large blocks but sold and were bought in tiny trades.
We'll see what management says tomorrow.
As far as the SEC, on both sides of the border?????????????????? Mostly don't do the job very well unless they are prodded by the mainstream media.