Seven Aces Limited - Ordinary Shares ACEXF

million traded last half an hour

[JamJam123]

Market Maker	Shares	Bid Price	Ask Price	Shares	Market Maker
	139,000	0.100	0.105	105,000
	1,063,000	0.095	0.110	184,000
	307,500	0.090	0.115	160,000
	258,000	0.085	0.120	224,000
	212,500	0.080	0.125	160,000
	260,000	0.075	0.140	70,000
	175,000	0.070	0.145	150,000
	100,000	0.065	0.150	50,000
	100,000	0.060	0.170	100,000
	300,000	0.055	0.175	12,000

[crassus02]

Not liking these bogus CIBC (79) bids!

[stuntzz]

Yeah, me neither. 

[Maffioso]

Can someone here explain how a bid can be 'bogus'?? You have to have money in an account to be able to place a bid. Same as you have to own shares to be able to place a sell order. People remove and place buy and sell orders all the time for different reasons. It doesn't mean they are not real. 

[stuntzz]

No, but it can mean they are placed in a strategic manner. There where 2 periods today where over 500k bids where placed at 0.09 and 0.095, creating a floor price. People seeing these bids tell themselves that they need to buy over that bid in order for their order to be filled. Who was doing the selling during those periods? Cibc... who placed those bids? Cibc... i could be mistaken, but to me

[largeinvest]

Manipulation or smart?  If he can get the fill at 9.5c and resell them at .10c what is the problem?

[Maffioso]

I agree with largeinvest. And anytime you are placing bids at the first bid level, you are risking being filled no matter how big the bids are so those bids are very real. You could argue that bids sitting at 5 cents are bogus cause they have no hope of being filled. But the way I see it, if you place a bid it is real. And let's remember that the CIBC seller could be a different trader from

[stuntzz]

Dont get me wrong, i agree with both of you. just doing so kinda makes the stock price at a standstill. Hey, if i had enough shares id do the same