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Bullboard - Stock Discussion Forum CI First Asset U.S. Tactical Sector Allocation Index ETF T.FUT

TSX:FUT - Post Discussion

Post by BayWall on May 30, 2012 9:14am

10 cents?

Why over a million shares for sale at 10 cents? I thought maybe people are entering 10 cents by mistake instead of 1 cent. But 4 people making the same mistake?

 

At 4 1/2 cents, there's over 575K for sale. Is good news being anticipated and sell into a rally? Sell orders at higher share prices, which often stand, may not mean anything. But "sometimes" they are a precursor to a stock rise.

 

Chris, remember the big money Argentina Gold back in October 1998, same idea. Perfect call. I think it's worth a shot with Futura. But Futura isn't a mining company with a large gold deposit. But still, the same principal should apply.

 

 

V:FUT Market Book By Price 08:19:50
Bid Ask
Orders Size Price   Price Size Orders
5 3,472,000 0.005   0.01 4,498,000 20
    0.015 3,406,000 22
    0.02 1,561,700 15
    0.025 916,500 10
    0.03 525,000 4
    0.035 384,000 6
    0.04 95,000 2
    0.045 576,000 6
    0.05 223,500 6
    0.055 10,000 1
    0.06 132,930 1
    0.065 41,000 2
    0.075 7,000 1
    0.08 2,000 1
    0.10 1,015,000 4
    0.125 15,000 2
    0.195 3,000 1
Comment by BayWall on May 30, 2012 10:02am
In-depth analysis. Some larger ask orders placed yesterday and today at both price levels. These volume anomalies have to be carefully interpreted. Will require other indicators before arriving at any bullish conclusions. Somewhat unusual however, as the 400K (4 1/2 cents) and the 35K (10 cents) orders were placed at the same time, the same day and by the same broker.      ...more