RE:RE:RE:RE:RE:RE:RE:RE:RE:Finally good EIA draw of 5.9mbIt doesnt matter if the trade is cheap, free or 10 bucks. When you play that kind of the game it is all peanuts. What the problem here is that even when the days are green but the volume is average or below average number of trades on the Bid side happens way more often than on Ask side. It doesn't make sense to me at all. It just tells me that these low volume trades only happen for one reason only, that the price of stock is not going to go up and very likely to go down. Today is a good example. And when these trades happen it does look like the shares never really leave those hands, they stay with the same owners.
Maxmoe wrote: I doubt anyone could possibly provide a satisfactory explanation. It's always harder to prove something is not happening than to prove it is. It may be suspicious to see such high volume trading back and forth amongst a few platforms but it doesn't "prove" anything. 500 shares is a board lot for penny stocks isn't it? Or maybe it is for "free" trades. Maybe it's as simple as high frequency traders going to wherever the transaction prices are lowest. Or free. There are plenty of USA platforms that offer free trading. Even TD ameritrade for USA clients offer free trades. For me $10 or $8 is nothing for commish but if you trade 2,3,10 times a day, it adds up. Sorry for the maybe answers but that's all I got and all you got.
lovehockey wrote: Oh yeah, conspiracy theory blablabla. Dude (of gal), explain to me how come for almost a year I follow trades, the same 500 share trade happens 20-50 times daily thoughout daily trading sessions and most of them happen at Bid side? I am talking about National Bank Financial trades
https://money.tmx.com/en/quote/ATH/trade-history Maxmoe wrote: It's entertaining to think someone is out to get us or that the only reason the stock isn't a "rocket ship" is because of some sort of plot. I think the "problem" is Ath and many others are penny stocks traded by small time retail investors. I'd say , like me, but I don't trade often. A "block" trade used to be $10,000 back in the day and was how most stocks traded other than the pennies. Nowadays maybe it's more like $50,000 but even 10k is 20,000 shares for a block. There just isn't much interest in small and microcap energy stocks beyond the small retail day traders or penny flippers so I look at the trading action and see it stuck in a range until a major event busts it higher. Like the long,long,long awaited refinancing or another 10% plus investor. Wti moving even $5 just doesn't seem to cut it.
2020oilgamble wrote: but the problem with that hypothesis is that wash trading is illegal, and has been for decades, while naked short selling is comletely legal in canada.
lovehockey wrote: by what I call wash traders, not shortsellers, sorry.