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BCM's L2 is showing me a pile of iceberg buy orders - 28 at last count. They aren't chasing the stock but they certainly are interested in buying and keep squeezing the bid-ask.
These guys often disappear at lunchtime, when retail wades in, then let the price go down for a bit before coming back into the market around 1:30 or so.
So assuming everything else looks good in the broader market, you might want to buy 100,000 BCM before they do. :-)
In any case, $4.05 isn't a bad price to get in on it. Especially if, say, you've already bought a pile at that price before and then sold it later at $5, like certain rogue bloggers from Canada.
FWIW, radio bemba tells me smart Toronto money buying BCM this AM
ReplyDeleteWhat's radio bemba?
ReplyDeleteFor that matter, what's smart Toronto money?
They weren't simply comment on MY buys, were they?
OK, I looked it up. "Radio bemba" = "word on the street" in Cuban.
ReplyDeleteI shoul have known you were one of them secret Cuban spies with all your left-wing politics.
yup, radio bemba = jungledrums, but not only in Cuba. Basically the whole joint down this way.
ReplyDeleteAlso agreed that smart TO money is something of an oxymoron, but there are patches of cleverity amongst the general drossness. No festejo con cualquiera, sabes!
Maybe the only thing "smart" about them is how they all wear the same suits with the dumb blue shirts nowadays. Seems to be the new Bay Street chic.
ReplyDeleteWhenever I see people in the same profession wearing the same uniforms I tend to think of McDonald's.