Trading on ATSI got an interesting email letter from Ivan Lo yesterday. I know, he is considered a major shister for pumping this up in early days, I still find it interesting to read what he puts out as it gives some perspective.
His latest letter was about shorts, institutions etc... and he pointed out the lack of transparency that was created in the TSX when the ATS platforms were allowed. One of his points was that shorts, institutions and serious investors can, and do, use the ATS markets in such a way that the retail investor who does not have access to level 2 etc... does not see the full picture of what trading is really taking place.
For at least a month now, likely longer there has been a large volume of NXO shares trading via the ATS platforms. Today for instance many investors are seeing that 144,000 shares have traded so far. When you add in the ATS trading it is over 327,000 shares, more than double the volume.
This would indicate to me that some smart money is accumulating at this level.
Thoughts ?