RE:RE:WowJohn Kaiser discusses the 11:32 event from last Friday on his podcast. The sell algo hit 168 companies according to his research. He doesn't have any clear reason, but his discussion is interesting.
https://www.youtube.com/watch?v=rFwxPyhvjJE
rockport1 wrote: There was a coordinated set of sell orders across much of the resource sector today at 11:32 ET. It is quite bizarre that it all took place at the same time. Perhaps it was some attempt to manipulate the market down? It could also be related to the triple witching hour today, although that shouldn't really affect the juniors. Anorther reason could be the change taking place in the Cdn tax code on Jun25.
Check your other stocks; many will show the same 11:32 sell off.
NineLives wrote: Someone just smashed the stock down to $1.01, not high volume to get it there only 100k and then it shoots straight back up to $1.30. Hilarious, or is TUO on the cusp of it's spin out ?
Crazy trading range and all before lunch ! Something is coming.