Peregrine Diamonds Ltd. PGDIF

Morgan Stanley 500 share chunks

[ekim]

Based on the last couple of days of trading it looks like Morgan stanley is putting in a robot bid based on 10% volume.

So, once a transaction not relating to Morgan stanley occurs..the volume is calculated and a subsequent 500 share chunk bids occur until rough 10% of that original transaction is met.

Kind of like if you want to buy shares in PGD right now...the volume gets an instant 10% bump beyond the quantity you bought. Not instant...but a regular robot transaction at fixed time apart until it is fulfilled taht 10% and then the robot goes silent.

At least that is what I see from watching it.  It might not be 10%, but there is a target of some sort.

LONG...PGD

EKIM

[griefman]

But why? no trades for 8 min, which usually would not be a big deal except today.

[ekim]

Put in a buy at 10K shares and test the theory that Morgan Stanley buys within minutes of that. once full up...it stops until another buyer steps up. I believe it is an entity that has a target share purchase volume...but doesn't want to do one giant market bid or market buy and hopes on buying in small chunks paying at reasonable prices. Looks to me like it has had a positive effect on the

[griefman]

The end to one strange trading day!

[ntagain]

Were the two big trades ie. nearly 300 and 100 thousands by the same party?

[ekim]

No idea..wasn't watching all day. It would be good if someone were to post house positions over the last 3 days. TIA. LONG...PGD EKIM  

[coachbob]

Last three days... includes TSX CX2  OMEGA CHI-X (stockwatch.com) House Positions for C:PGD from 20160913 to 20160915 House Bought $Val Ave Sold $Val Ave Net $Net 2 RBC 538,700 123,019 0.228 356,396 82,161 0.231 182,304 -40,858

[madmann]

A little arbitrage perhaps?

[ekim]

I don't see arbitrage in the numbers at this point. The side effect of the morgan stanley robot is that the day basically runs 99% at an uptick and 1% of the day in a downtick...if that makes sense. LONG...PGD EKIM

[jamesbay]

can someone enlighten me.....does this trading indicate a trend, or is it some random computer program taking shots at a interesting company

[shneps]

RBC and MS have been coordinating trades all week long together. Most likely the same people on separate accounts. RBC has always been a larger collector especially since the PEA. RBC ends  200,000 + shares on the week at a discounted pricing within the arbitrage. I'll let Mike do the calcs as he's the numbers man.

[shneps]

Interesting thing is that with the late trades, it was MS that picked up that final day trade to bring the price up and not down. Two cents above what the bot's previous buy in level was.

[ekim]

Thanks coachbob. Morgan Stanley running between 11 to 13% of daily volume. Kind of glad it is not Friday. Maybe we will get another day like today this week. LONG...PGD EKIM