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Re: None

Monday, 03/31/2014 6:48:29 PM

Monday, March 31, 2014 6:48:29 PM

Post# of 133
The depth on the bid was sitting at 768,000 at close on the Canadian exchange (AXY on TSX), more than 11 times the depth on the ask. This is generally a bullish ratio. Seems like they are serious about getting some shares. Interestingly, not that much was being sold, even though some rather sizeable positions could have closed out if they had wanted to do so. The two markets seems to share liquidity, i.e., a large order on the American symbol can be filled from Canada, and vice versa, based on my observation of time and sales between the two markets.

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