InvestorsHub Logo

Destinator

04/02/12 7:41 PM

#6301 RE: STR8Shooter2012 #6289

How could someone with your experience claim that there was a paint job at $0.22. Did you look at the final trades of the day?

The only sign of a paint job that I saw was an ask volume shift of approx 40,000 shares from Alpha to TSX-V in the final minutes of trading following a buy transaction by Fidelity at $0.22 on the TSX-V which left little asks showing. Once the ask volume shift took place, the price was brought right back down to $0.215. Then Scotia bought some at $0.22 and once again in came the $0.215 fills once again to paint the closing 10 minutes.

For months prior to this latest tactic, Alpha's market depth was being PAINTED with 1000 shares at every 1/2 cent until I started drawing attention to it on this board. Now it appears a new tactic has been deployed - single board lot algorithm. Someone brought it to the attention of the boards and at first I dismissed it because I could not see how anyone could expect to manipulate a share price for very long by selling single board lots. I have sure had my eyes open for me just a day later. Sometimes it just takes longer for some of us to see things.