Bull distracted by trading noise, Close -$0.04, $1.15, 199k; 111k Germany; 47k US; Still Thin | SVA:CA Message Board Posts


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Msg  2334 of 2407  at  8/11/2022 11:43:01 PM  by

jwallisca


Bull distracted by trading noise, Close -$0.04, $1.15, 199k; 111k Germany; 47k US; Still Thin

Mr. House Positions:
 
I understand your disappointment of no follow through today, but I disagree there's nothing to say. I hope what follows gives a different perspective on what transpired with today's trading...
 
The summary of the matter is [with part tongue in cheek] given here: Bull distracted by trading noise, Close -$0.04, $1.15, 199k; 111k Germany; 47k US; Still Thin!!
 
The truth of the matter is the smattering of New Money evident yesterday dried up today. This allowed the likes of short term traders and algorithms to rule the day. Notice the ongoing thinness reflected in part in the Closing Bid - Ask [4k $1.12 - $1.17, 0.5k] that aids and abets very noisy moves both up and down. The closing Level II and Day Chart are provided below for more detail. Also included are the last 25 TSX trades. Please note the "100" share lots and $1.155 [½ cent "K" Dark Trades] pricing. This is Not Retail period.
 
Compared with the pharmaceuticals we follow, SVA just followed the crowd.
 
Once Sernova is able to provide some clarity and I was assured it is coming soonish, this noisy stupidity will go away.
 
jwall
 
 
 
 
 

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Sent: 8/11/2022 4:41:15 PM
Subject: Some days there is just nothing to say...

Today:
 
 
Week so far:
 
 


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