Nearly a million shares dumped with stop losses hit No other explanation for DGS dropping 5% on a day where the TSX 60 only dropped 1.16 or less than a tenth of 1 % .. Now explain how DGS commons drop 5% on the day. Appears to be a Sell in May event, and definitely was not a result of a huge selloff inthe 60 biggest stocks on the TSX.
I sold a few early with a stop loss, but luckily didnt have all of my holdings in that.
I am betting a big bounce back tomorrow when traders realize the TSX market basically was flat today. RBC and ANON the big sellers. I would suggest a lot was stop losses on the sell side.
Here was the trading summary.
| House Positions for C:DGS from 20220502 to 20220502 |
| 80 National Bank | 72,815 | 495,226 | 6.801 | 23,670 | 160,453 | 6.779 | 49,145 | -334,773 |
| 19 Desjardins | 49,078 | 332,390 | 6.773 | 8,465 | 57,521 | 6.795 | 40,613 | -274,869 |
| 9 BMO Nesbitt | 50,135 | 338,983 | 6.761 | 21,910 | 148,571 | 6.781 | 28,225 | -190,412 |
| 7 TD Sec | 198,234 | 1,348,495 | 6.803 | 175,474 | 1,190,838 | 6.786 | 22,760 | -157,657 |
| 79 CIBC | 253,313 | 1,718,407 | 6.784 | 245,844 | 1,668,432 | 6.787 | 7,469 | -49,975 |
| 88 Credential | 11,055 | 75,656 | 6.844 | 4,700 | 31,898 | 6.787 | 6,355 | -43,758 |
| 85 Scotia | 49,890 | 338,533 | 6.786 | 43,608 | 296,922 | 6.809 | 6,282 | -41,611 |
| 57 Interactive | 5,080 | 34,125 | 6.718 | 300 | 2,013 | 6.71 | 4,780 | -32,112 |
| 13 Instinet | 4,650 | 31,967 | 6.875 | 0 | | 4,650 | -31,967 |
| 39 Merrill Lynch | 17,900 | 121,395 | 6.782 | 14,500 | 98,486 | 6.792 | 3,400 | -22,909 |
| 22 Fidelity | 1,473 | 9,986 | 6.779 | 0 | | 1,473 | -9,986 |
| 53 Morgan Stanley | 832 | 5,646 | 6.786 | 151 | 1,019 | 6.748 | 681 | -4,627 |
| 62 Haywood | 300 | 2,037 | 6.79 | 0 | | 300 | -2,037 |
| 72 Credit Suisse | 300 | 2,091 | 6.97 | 0 | | 300 | -2,091 |
| 28 BBS | 1,000 | 6,735 | 6.735 | 875 | 5,950 | 6.80 | 125 | -785 |
| 36 Latimer | 0 | | 5 | 34 | 6.80 | -5 | 34 |
| 84 Ind Trading | 58 | 393 | 6.776 | 147 | 1,001 | 6.81 | -89 | 608 |
| 33 Canaccord | 6,000 | 40,606 | 6.768 | 7,000 | 47,337 | 6.762 | -1,000 | 6,731 |
| 14 ITG | 7,067 | 47,877 | 6.775 | 12,511 | 85,033 | 6.797 | -5,444 | 37,156 |
| 124 Questrade | 29,156 | 198,304 | 6.801 | 48,332 | 334,508 | 6.921 | -19,176 | 136,204 |
| 1 Anonymous | 123,483 | 842,646 | 6.824 | 160,605 | 1,088,069 | 6.775 | -37,122 | 245,423 |
| 2 RBC | 85,540 | 580,904 | 6.791 | 199,262 | 1,354,320 | 6.797 | -113,722 | 773,416 |
| TOTAL | 967,359 | 6,572,402 | 6.794 | 967,359 | 6,572,405 | 6.794 | 0 | 3 |