RE:RE:GH - Wacky trading at the Open...............kasking wrote: malx1 wrote: Seems someone operating through TD Securities sold 15-17k shares at $9.55 just after the market opened.
Timing of their sale is odd. Why take a -9% hit on your holdings just after a dividend increase?
My guess is that the individual made the mistake of not using a "limit" order, and instead they sold 17k shares "at market"
Looks like a $17k error, plus dividends.
Sure Q3 wasn't spectacular, but Q4 should be strong and shareholders will receive their shiny new, sustainable, dividend.
Maybe they wanted to drop some humble pie in Kasking's coffee........................
Dunno, but it looks like that mental slip cost them $17k.
That's ten entries into a WSOP No-limit holdem Main Event.
Free coffee there too.
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Reminds me of the good ol days................
https://en.wikipedia.org/wiki/2010_flash_crash
Malx....you never know when someone decides to sell & at what price...
i.e. I had a bid in, a couple weeks ago, a lot higher then 10 bucks, bid was
hit, now I look back & think, oh well, in for the long haul, no big deal...
Kasking, after chatting with your Trade Desk crew, I too was inclined to place some buy orders just over the $10 mark.
Last 6 months have had GH bids in, below market price, which all went unfilled.
Got busy with other things, those bids expired and were not replaced this month.
Anyone clever enough to be on the bid this morning at 9:33am est, their orders up to 15k shares would have been filled at or near $9.55.
A little disappointed to be left out of the action.
Can't win them all, they say.
Now that I think of it, chatted with a fellow GH'er earlier today who was one of the Lucky bidders for those $9.55 shares while their bid was higher than transaction price......................................
That means the TD seller used a limit order, placed at $9.55.
Who would sell for $9.55 after modest Q and hefty dividend hike??
They must have got into the Trudeau tobacco rather than the green beans.
Strange stuff, indeed.
Back to the market action.
I was calling a "gap up" today on the news.
Instead we got the exact opposite.
Perfect example of inefficient markets.
Had we been trading on the Nasdaq, stock would have opened at $11 or $12, easy.
So we take the slow road to $15, that works too.