GREY:ALXDF - Post by User
Post by
goldopportunityon Oct 18, 2018 10:13pm
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Post# 28832108
Fwiw........
Fwiw........Alxdf closed at usd .0318 = cdn .0415 (boc 1.3057 close)
Alxdf up almost 3%. Light volume of 37K. Outlier intra-day trade at usd .0251. Lack of sellers and subsequent buying pressure resulted in sp closing at .0318.
Azx up 16%. Closed at cdn .035. 183K traded on all cdn bourses (78K azx-v). A few interesting things: 1) desjardins did all of the buying on azx-v, most of it right at the open; 2) desjardins also was responsible for 85% of the buying on the "de facto" alternates; and 3) all desjardins' buying today was at the cdn .035 best ask. Hmm. Wouldn't surprise me if desjardins wanted to buy even more, but didn't want to raise alerts. Why do I think this? Easy. Desjarins did the majority of its buying on the hidden "de facto" exchange this afternoon.
Bottom-line:
So what happens tomorrow? The odds favour alxdf to trade within today's perimeter with a possible intra-day outlier above today's close. I'm thinking sp will finish between usd .028 and today's print. Azx looks likely to trade between cdn .03 and .035, with maybe a .03 to .04 bb/ba right out of the gate and/or intra-day. Since it's friday, it wouldn't surprise me to see a few crosses at .03 in hopes of stimulating some legit sells. Be resolute. Be patient.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp