Post by
vocex1 on Jul 11, 2022 1:38am
Trading Pattern
I have been accumulating PRQ shares over the past couple weeks, during this retracement in the energy sector. Because I am usually busy up till about 1/2 hour prior to usual daily market closing time with other stuff, I look for prices to buy near the close. I have noticed on a number of recent daily closes, the price gyrates wildly just prior to the final seconds of trading, e.g. 20 seconds to close. For example, Friday closing, price swung from flat to positive, I put in a buy right at the close, got filled above 1.90. Then, a 'final' trade slipped through, dropping the closing price to 1.86 I have seen this pattern with some consistency at closing now, it appears that some brokers are filling final trades below the market often The result is that the chart shows a greater decline in price than the late trading level would indicate, if these ' late', lowball trades were not posted. The low closing price posted is not near the VWAP, just a lowball fill, usually on the very last posted trade Looks to me like an effort to lowball the close is the pattern. Not much volume on these lowball final trades either. Just an observation, on days when volume is light it is easier to manipulate prices Crude still trading above $100/bbl usd, but the pressure on Canadian producers continues, what gives? They always say the Bull throws off many riders as it moves higher. With over 70% of PRQ shares very closely held and not for sale, the float is small, pretty easy to play this issue.
Comment by
WRig33JN on Jul 12, 2022 12:34pm
Holding long and buying more.