RE:RE:RE:2,500,000 Wall At $1.60Lucky, I'll confess to being sadly uninformed about icebergs, walls and other trading tactics used to pick pockets on the TSX. I do not utilize Level 2 data. It does appear to me, however, that the daily volume indicates a large swing trade.
Since a swing trade required a losing counterparts to every successful trade, it suggests to me that there are entities with large positions selling shares tactically in order to gain a strategic advantage. In effect, selling into the market or, giving the appearance of selling to inflate the ask count.
The goal being to hold the price down to disappoint shareholders and pick the pockets of disillusioned shareholders. Once new buyers start to drive the price up, the schemers stand back and reap the profits.