Morguard Corp MRCBF

Bizarre price movement

[Northforce13]

Todays 7% decline is bizarre

I bought some more

The movement looks and feels like an algo has been set to push it lower

Had I the sufficient financial firepower to step in and take a stand, and take on all comers at this price, I would do so and enjoy the show.  I can do this with small companies sometimes and it can be entertaining to smash the algos to pieces when successful. 

Interesting

GLTA

[NotDrake]

I agree, I don't think unique to MRC but feels like algos play (or attempt to play) retail like a fiddle, or maybe it's big-money battles.  You have these runups that sometimes feel engineered to create FOMO, suck in capital, and create volume - then they probably spank you with your own shares lol (does feel that sometimes we are also the product to be scalped). I assume $128 is a

[bruloil]

price pushed down by a seller from RBC more than 7k shares. Short sells who knows? Cross 2 and anonymous??? House Positions for C:MRC from 20240923 to 20240927 House Bought $Val Ave Sold $Val Ave Net $Net 1 Anonymous 13,535 1,666,969 123.16 8,598

[Northforce13]

Raw trades show RBC pounding it all day Exiting or active strategy to push the SP.  I ponder the latter; a sell algorythm pounding the bid rather than deftly seeking the best price, which is the habitual for large institutional algos MRC remains a laggard with regards to recent REIT runup.  It should be higher if one feels it should rise similarly to its peers vs +/- 3 months ago