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Bullboard - Stock Discussion Forum Glentel Inc GLNIF

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GREY:GLNIF - Post Discussion

Glentel Inc > $20 the resistance
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Post by msillusion on Jan 21, 2013 11:03am

$20 the resistance

The stock has been retreating from the one-day high of $20.05 on Jan.10. For no news the stock price drops to an intra-day low of $18.63. Does anyone know what is brewing under?
Comment by fdfd12 on Jan 21, 2013 12:31pm
HSBC selling 5000 of the 12000 shares. It may close back at $20.
Comment by m1ax on Jan 21, 2013 1:03pm
There is no volume. It means nothing as far as I am concerned.
Comment by msillusion on Jan 21, 2013 3:19pm
The volume is relatively high for the fist 30 min. for GLN. The drop in price may trigger the excution of small stop orders, see list of transactions over 300 shares. HSBC is still the biggest seller, see list by broker. Trades for C:GLN on 20130121 - 99 trades displayed Time ET Ex Price Change Volume Buyer Seller  ...more  
Comment by m1ax on Jan 21, 2013 3:34pm
It could be just an individual. As I wrote, volume is low on the TSX today. Don't forget that the U.S. markets are closed. We'll see tomorrow, but I don't see anything to worry in today's action.
Glentel Inc
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