So 85 Scotia hit that pretty hard. Banged the sp back to 5 cents. Not long after my post so I thought well, maybe I should just die. :-)
That was well timed 85 Scotia !!
So, anyway it seems like a solid question, WHY?
Why do that, why hit every bid and pound the price?
Here is a thought, not every player/trader/investor is trying to maximize their gains on every trade. Some have other purposes. What might they be?
The answer is one of the reasons I'm trying to make people aware that the TMX volume numbers being reported every day are wrong on most stocks traded on TSX and TSXV. It's wrong at the end of the day and during the day sometimes all day. This issue became paramount after the Gov permitted alternative trading floors to exist. There are 10 of them that I am aware of. The total volume traded is what you need all day every day, not just the volume on the TMX floor. It's no problem for the TMX to provide this; all the trading floors are wired together to create an orderly market. The banks and brokerage traders are getting the correct numbers, so should you!
Anyway, don't worry about me, I'll do ok.
Just trying to make people aware they are not getting what they pay for. A fair, just, even market for all participants. That, and the correct complete honest market data, at the end of the day and all day. Any ideas on how to attack this problem so few even know about, are welcome get the discussion going.
Pass this on, make others aware; make them change, make the TMX provide correct market data.
It's your money and when you participate in the market, well it's your risk and it's not fair and now you know!