Post by
ngerrits on Oct 08, 2010 2:41pm
Trading
Is it me, or do others with Level II see this craziness.
Goldman and Scotia seem to constantly scoop up shares at the ASK then go away for awhile and the retail investors bid it down or don't bid at all. Then GS and Scotia come back and take out a wack of shares again at the ASK. This has been going on for the last week or so. It is funny why if their were "rumours" or "info" at scotia or GS that they haven't gotten out yet. Any momentum that is created by GS and Scotia gets stopped by the small orders who think ISA is too expensive at
.35. There is major resistance at
.35-
.36 even though we saw this week GS buying at this price. Maybe GS and Scotia have been engaged with someone who is accumulating for a possible offer, perhaps this suitor is meeting with ISA to do a friendly takeover but needs 3SBIO and Paliden's blessing.
Anyone in Edmonton know what's happening?
Hopefully something comes out of this speculation, otherwise it will be a long wait until Feb 2011 when we hear from the EMA.