RE:RE:House positions for Loop Insights Inc. - Oct. 9, 2020
Anonymous is a House like Td or National or RBC. There can be 500 traders in the Anonymous house. Believe no 1 guy is flipping a million shares , he would get so screwed trying that. Imagine holding 1 million shares and trying to get your money back or make money with 300 000 total in the level 2 bid with 6 levels between them. You would have to pray for market buyers. And if you sold short 1 million and want them back and the next day it spikes 20%. It is likely several hundred day traders with anonymous status flipping 20 000 each. Problem is they work together sometimes and time their buys and sells. All I can say is they are the reason we have such volatility. If you look at house positions going back to June Anonymous has flipped 45 M shares. Independent Trading has bought millions and sold none. Questrade and others as well. So it's a balancing act. Eventually at a certain price Anon moves on to a different stock. They are on every stock below 1 dollar in every market. Ntar , Sona, etc all got badly short sold and flipped before they broke out. Rob and all CEOs hate these guys because they scare away real investors. News will eventually drive them out. It's the old bulls vs bears scenario . Early on field is tilted but eventually the bulls ram their horns up the bears asses. take care