Post by
tamaracktop on Jun 04, 2024 12:33pm
Yes! Dalesio's observation is very "informative"
The trust used to be in the habit of selling in the afternoon.
This was quite apparent because the trust's daily reporting consistently showed a VWAP closer to the day's low than the high.
The trust has changed tact, and is now selling earlier in the day.
Remember no trades in the afternoon in Toronto yesterday?
As well, they've already reported today's trades.
They know this stock is going down, so now they're selling earlier every day because they want out as fast as they can.
They're tactic of selling in the afternoon never worked out very well in the past.
They're definitely selling in the morning, quite possibly at the open.
Sell this pig
Comment by
tamaracktop on Jun 04, 2024 12:41pm
Up until yesterday, the Trust's sales every day stayed around or very close to 20% of the daily volume in Toronto. Yesterday the trust's sales accounted for 32%. You want to hope this isn't the beginning of a trend. They've already reported some sales today, but this is no assurance there won't be more before the close.
Comment by
TOCKY8008 on Jun 04, 2024 1:20pm
BatarnackTop, So faw qu'une watt? You and Dalesio are just back su crew ying flies. comme on dit en francais. Your "analisis" of Melon's share sales is completely irrelevant. This is a L2 bid and ask,a few moments ago. The way I see It,Mellon is allowing small share holders to buy hundreds thousand of share below $0.60 without raising the share price. TOCKY8008
Comment by
TOCKY8008 on Jun 04, 2024 1:26pm
Dam, it's not posting it. I'll try something else.
Comment by
TOCKY8008 on Jun 04, 2024 1:29pm
Try this : L2 B&A TOCKY8008
Comment by
tamaracktop on Jun 04, 2024 1:44pm
Haha. Do you actually think the depth us accuratel? And even if those bids are there, it doesn't matter. Wake up and smell the roses. THERE ARE 179 MILLION SHARES OUTSTANDING. What would happen if only a fifth of those shares had a reason to want out?
Comment by
tamaracktop on Jun 04, 2024 1:52pm
I know what would happen. I know exactly what would happen if the owners of 20% of this wanted to sell. There would be about 3.6 million shares for sale. If half wanted out, there would be almost 90 million. Patience. It's coming.
Comment by
tamaracktop on Jun 04, 2024 2:08pm
Typo. 36 million shares for sale if only 20% wanted out. Earlier I wrote 3.6 million.