Gear Energy Ltd T.GXE

Heavily washtraded stock by Morgan and Merril clients

[lovehockey]

https://money.tmx.com/en/quote/GXE/trade-history

Majority of these small transactions are between these two shady customers. Considering that the volumes are really low these washtraders are very active always. In my opinion it means somebody is accumulating this stock cheap. 

Morgan Stanley Canada Limited

Merrill Lynch Canada Inc.

[navajojoe]

Or people are simply selling because they know the dividend is not sustainable?

[CountryBoy69]

For 9 months you have been shouting Wolf about axing the dividend at GXE , and for 9 months you have been wrong every single time. That is FACT not FICTION.l call that serial bashing and does not constitute bullying or any other fairy tale Rule Violation. Despite what you say.. EH

[navajojoe]

That is incorrect. I never ever said they would "axe" the dividend. I merely pointed out, and continue to point out, that, according to their own presentation, they need to borrow money to pay the dividend, which is EXACTLY what has happened. So I have been 100% correct. And borrowing to pay a dividend doesn't add anything to the value of their shares, but actually decreases that

[JTDOUBLE]

Countryboy put novajojoe on the garbage bin press that ignire button ..  why are you creating a venue for him.. 

[CountryBoy69]

This post has been removed in accordance with Community Policy

[lovehockey]

CIBC today replaced Merrill Lynch on sell side but the action is the same. Fake 500 share transactions. So Merrill Sells to Morgan, Morgan later will sell to CIBC, CIBC will sell to Merill. They probably have 5-6 burn accounts too which they use the same 500k shares that they constantly move around between these acounts.  Morgan Stanley Canada Limited

[CountryBoy69]

I made that point a few weeks ago , It's the first time it has happened to me. I use CIBC Investors edge and when l decided on a short term trade with GXE to sell 15000 shares the first 1000 went through in the first few minutes after the open then blocks of 500 on and off all day , some within a minute apart and then at 3.59 PM the remaining 1500 were sold , everything at  .96 , Go

[navajojoe]

Odd that you would be selling at these prices while pumping so hard?

[CountryBoy69]

I can't help but notice you convienently forget that l saidl occasionally trade around a core position , but what else is new when you only partially address a post, or maybe you don't have a clue what a core position isor trading around it either.Surprising for a poster who claims to be so experienced.EH