Converge Technology Solutions Corp T.CTS

Example of swing trading by Echelon

[Mephistopheles3]

Since 2023, Echelon is the #1 net buyer of CTS with a total of 282K shares purchased net (they were actually the highest selling broker in the month of December 2022 - likely tax loss selling. 

When you look into the details, you can see an example of the swing trading happening between the $4.50-$5.00 mark.  Picture shown below:

- 50K shares purchased Jan 5th @ $4.492
- 50K shares sold Jan 10th @ $4.96

I mean it could be different investors within their advisory, but the fact that it's actually the same volume indicates probably the same investor. 

I think Echelon is one to watch out for - they have strong inside connections with management as one of the few analyst/advisors and they are pushing this stock pretty hard.  Also the fact that they swung from being a hard seller in December to a buyer now in January I think is bullish.


https://ibb.co/zn4LWcQ

[ddogold]

Could you give an updated number on the Echelon net buys ? Thanks 

[Mephistopheles3]

Sure, Echelon was the highest buyer again on Friday. I also put the 2023 to date image in there as well.  Echelon has a net buy of 404K so far - you can also see a large seller in National Bank as well with a net outflow of 583K shares. Jan 13th transactions 2023 to date

[ddogold]

Thanks for the updates . Looking positive