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Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.


TSX:GEC - Post by User

Post by fergus2on Jan 25, 2019 8:03am
72 Views
Post# 29279816

Re market action Wednesday?Thursday

Re market action Wednesday?ThursdayStaghorn, perhaps this may interest you.

On Wednesday I decided to buy 2000 shares of MBA. At the time, the bid/offer was .66/.67 so I placed a limit order for 2000 @.67 and the order was promptly filled. You can imagine my surprise when I checked in later in the day to see MBA at .62. This is a stock that hardly turns a hair most days yet the day I decide to buy, it drops 12%.... from my purchase at the day’s high. Talk about stumbling into the bank at the time of a robbery!

Another curious thing: the reported high was .66, NOT the .67 that I paid. The transaction went through for that price, that’s what appeared on the fill, but no record of .67 as the day’s high, at least with RBC online.

My best guess: Somebody wanted to unload a block of shares and called around. A buyer was found at a discount to the going bid/ask and then the stops were run to the agreed-upon price to satisfy the transaction.

Naturally there is some dismay and confusion when a stock price drops 10-12% in a single whack; no doubt, in the ensuing mayhem, the buyer of the block takes full advantage by vacuuming up any additional shares that might come available. Call that opportunism.

To summarize: on Wednesday the earth opens and swallows; on Thursday it closes, but not before returning everything back to its rightful place. Even the birds resume their singing… and I’m up .02 cents on the trade.

Question is: will MBA go back to sleep for another month? And where is the high of the day for Wednesday? What would chartists have to say about sloppy data reporting?


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