Post by
Gringotts on Mar 30, 2023 1:59pm
Trading Range
Having watched the trading over the past two day, it appears someone (an entity) is liquidating a rather large position in ATH. The bids have been huge and the trading range has been very limited. The seller seems to be carefully liquidating their position without cratering the stock. They probably want to be out of their position by the end of the quarter. If this is indeed what is happening, who is doing the selling and, once they are finished, what will happen to the stock price? As for the first question - I don't know. But I think we all know the answer to the second question. :)
Comment by
MLEWICKIMBA on Mar 30, 2023 2:21pm
Opposite: Sellers are selling to a buyer(s) who is accumulating and those 50M shares will be sold in a merger with MEG Energy and subsequent takeover by Cenovus as Heavy Oil will be short in the market for the foreseeable future. Investment bankers are gearing up for major transactions.
Comment by
Deutz9170 on Mar 30, 2023 3:13pm
The answer is the shorts are cleaning out before end of quarter. Not a very hard Nut to crack
Comment by
Deutz9170 on Mar 30, 2023 3:13pm
The answer is the shorts are cleaning out before end of quarter. Not a very hard Nut to crack
Comment by
YupnDump on Mar 30, 2023 4:57pm
any reference to Eric Nuttall..???
Comment by
bonjovi501 on Mar 30, 2023 5:49pm
Not Eric as Nuttal is in love with ATH
Comment by
dandu1924 on Mar 30, 2023 7:57pm
I would to know who is the broker of Nutall, any idea.
Comment by
Maxmoe on Mar 31, 2023 10:03am
He uses every major, and most if not all, minor brokerage houses to execute his trades. And if he's leaving bread crumbs for other traders to try and front run him, he can use anonymous. Broker "01".
Comment by
Gringotts on Mar 31, 2023 10:20am
Now I understand where you are coming from. You take your wisdom from Judge Judy - Einstein, you are not. I now understand why you are silly and think you are a mind reader. All credibility lost. Ignored.
Comment by
BLACKJACK86 on Mar 30, 2023 11:13pm
Having watched the trading over the past two day, it appears someone (an entity) is liquidating a rather large position in ATH. The bids have been huge and the trading range has been very limited. tell me if the bids are huge, how does this related to someone's liquidating their position in a stock .....
Comment by
newtonboy on Mar 31, 2023 11:49am
Almost 4MM traded so far today with no upward movement. Someone is making a well orchatrated move. We shall know shortly...
Comment by
dandu1924 on Mar 31, 2023 12:29pm
This is pretty clear, somebody trying to keep down the trade price with WTI at $75.50. Something is broiled with this kind of pattern.
Comment by
dandu1924 on Mar 31, 2023 12:31pm
Sorry, I did mean " boiled " not broiled.