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Tucows Inc. Message Board

  • kill_the_hedge_funds kill_the_hedge_funds Feb 28, 2013 11:16 PM Flag

    manipulation is originating from Amex terminal

    Another take down at the end of the day today. Here are the trades:

    Time Price Volume Exchange
    16:00:19 1.62 769 AMX
    16:00:03 1.65 100 NLS
    16:00:00 1.66 100 NYE
    15:59:56 1.66 100 EDGA
    15:59:41 1.66 200 NDD
    15:59:41 1.65 200 NDD
    15:59:41 1.66 261 EDGA
    15:59:41 1.66 239 NYE
    15:59:41 1.65 300 NYE
    15:59:41 1.66 1000 NDD
    15:59:41 1.66 100 NDD
    15:59:30 1.641 200 NDD
    15:59:30 1.641 200 NDD
    15:59:30 1.641 200 NDD
    15:59:30 1.64 146 EDGA
    15:59:30 1.64 100 EDGA
    15:53:58 1.66 100 BATSY
    15:52:58 1.66 100 BATSY
    15:52:13 1.66 100 BATSY
    15:50:28 1.66 100 BATSY

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    • Many times these trades are a result of the holder of the stock being in the box on margin - i.e. the person bought the stock on margin, and it dropped - (we all know that tcx has dropped). Anyway - the holder didn't answer the margin call by the time allotted, and the trader on the account automatically flushed enough stock out to cover the call. This is an automatic trigger point, and happens occasionally.
      I am not saying this is absolutely what happened, but offer it as a possibility.

 
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