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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Did you see that trade?
View:
Post by Toppert1 on Nov 19, 2024 5:07pm

Did you see that trade?

BMO put in a buy for tens of thousands of shares at 11:59.

It was a market order.

The stock was offered .66, and the order took the stock to .70 in one minute. 

Why on Earth would someone looking to buy this in size, relative to volume, put in a market order, rather than a limit order they could raise throughout the day?

The only possible answers are three.

Either the buyer is a novice, or the broker should be fired, or it was an attempt at manipulation. 

As it turns out, they would have been filled going to .68.
Comment by Toppert1 on Nov 19, 2024 5:26pm
Think about it. An order for just under $35,000 temporarily raised the company's market cap $11,220,000. Don't bother debating it, it's a fact. That's what you're dealing with.
Comment by TheShare on Nov 19, 2024 5:35pm
I watched it as well, Top Good observed
Comment by TOCKY8008 on Nov 19, 2024 7:27pm
TheShare, That is actually NOT a good observation. TOPTOP got it wrong again. Dalesio98 posted a trade history at 13:07. From that we see that the offer was $0.67 not $0.66. BMO bought 100 000 shares totalling more than $ 67000 not $35000. As for the reasons for a market order buy, a good one is : he wanted those shares, the ask quantity was there within a reasonable margin. TOCKY8008
Comment by Toppert1 on Nov 20, 2024 12:06am
You are absolutely right. I didn't use a calculator.  BMO bought 100,000 shares at 11:59. $70,000, not the ~$35,000 I suggested.  And the stock was offered at $0.67,  not $0.66. My memory is often off by a penny. But you are definitely right. $70,000 invested at market and filled within a minute took the market cap upYou are absolutely right.   I didn't use a ...more  
Comment by Toppert1 on Nov 20, 2024 12:16am
lost in the transcription..
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