THE PIG SEES THAT TWO PREVIOUS PICKS ARE STARTING TO MOVE. SOH.V AND ARR.V ARE PICKING UP STEAM. DO SOME DUE DILIGENCE ON THEN BEFORE YOU TAKE THE PLUNGE AND IF YOU ALREADY HAVE PICKED A FEW UP, HOLD FOR THE RIDE. THE PIG HAS A BUSY TIME AHEAD, THE SCANNER WILL BE DOWN ON WEDNESDAY FOR A SOFTWARE UPGRADE AND THE PIG HOPES TO HAVE IT UP AFTER MARKET CLOSE. INTERESTING TO SEE NEWS TODAY ON A PIG LONG TERM PICK AAA.V. NICELY PROGRESSING TO DRILL STAGE, A CHART REVEALS SOME NICE TRADING AND BASE SETTING BEFORE HEADING TO THE NEXT LEVEL. TONIGHT'S SCANS ARE COMING UP AND NO DOUBT WILL SURPRISE YOU.........ON WITH THE SHOW...
VER.V....2ND IN SCANNING NUMBERS TONIGHT AND NOT BY MUCH. NO STORY YET, AND NO REAL EMOTION BASED REASON TO BACK UP SUCH HIGH NUMBERS BUT SOMETHING IS AWAKING THIS SLEEPER. HIGH MOMENTUM, AND SENTIMENTS, ALONG WITH SOME KILLER OFFERS ON THE BUY...............MIGHT BE FUN TO GRAB A FEW AND SEE WHAT PANS OUT.....
ENA.V...THIRD BIG SCANNER OF THE NIGHT. IN 7 OF 10 AREAS IT HAD BIG NUMBERS AND 3 REMAINING WERE AVERAGE. ITS THE 4TH NIGHT IN A ROW FOR THIS PIGGY TO BE IN THE TOP TEN AND NOW LOOKS AS IF ITS STARTING TO MOVE. VERY GOOD TECHNOLOGY IN PLACE FOR THE COMPANY AND CONTRACTS MAY BE COMING ACCORDING TO PIG SPIES IN THE FIELD. WATCH IT AND IF IT MOVE AND MOMENTUM KEEPS IT MOVING THEN TRY A FEW. IT MAY BE A BIG MOVER......
THE PIGS NEW ADDITION TO HIS LONG TERM PICKS..
RVS.V...TONS PRINTED OUT THERE ON THIS SITUATION. THE PIG HAS NOW COMPLETED HIS DUE DILIGENCE AND WANTS TO MAKE A RECCO ON ITS LONG TERM PROFITABILITY. GREAT MANAGEMENT, PROPERTY SITUATION AND FOLLOWING AS WELL AS BEING ON THE SCANNER FOR SOME TIME AT VARIOUS POSITIONS. ITS BEING ACCUMULATED BY SMART MONEY..........ARE WE SMART ENOUGH TO BUY IN....?
Tuesday, February 9, 2010 7:53 PM
Upstart exchanges complicate stock pricing
Gordon Edall
What are we looking for?
Stocks that might have a different price than the one you are seeing.
Like most investors, Number Cruncher tends to look at the prices on the Toronto Stock Exchange when it comes time to make decisions about individual stocks. It is Canada's Big Board after all and it's where the action is. Or so we thought.
The rise of alternative trading systems in Canada has happened largely off the radar screens of most individual investors.
You may have heard of rival exchanges Alpha Group, Pure Trading, Chi-X and the rest. You may even be aware that on any given day the upstarts are taking more than a quarter of the trades away from the 157-year-old TSX.
What may be less obvious, however, is that when it comes to individual names, the upstarts in some cases are taking a much bigger slice of the pie.
More about today's screen
The hard data comes from Investment Technology Group and the work is being done by head of research Alison Crosthwait. She has been crunching through reams of data from all of the Canadian market participants.
With all of the data from the fourth quarter in hand, Ms. Crosthwait was able to identify stocks that saw a significant portion of their shares trade hands off the TSX proper. Volume is the key metric here.
What did we find?
Look no further than the first name on the list for the best example of why this all matters.
More than 50 per cent of the shares in Bombardier that changed hands in Canada last quarter traded somewhere other than the TSX. You were likely looking at the wrong price if you were eyeing a quote – the buyers and sellers, they were elsewhere.
Looking at the bid-ask spread variation yesterday drives the point home: despite the price you see quoted, that 39-per-cent difference between Bombardier quotes may be there when the trade is executed.
For those of you with a mind for technical analysis, note the issues run even deeper. Technical analysis is built upon a foundation provided by reliable data. In a fragmented market, you can't get the data you need to make fully informed decisions.
Stocks that might have a different price than the one you are seeing.
Like most investors, Number Cruncher tends to look at the prices on the Toronto Stock Exchange when it comes time to make decisions about individual stocks. It is Canada's Big Board after all and it's where the action is. Or so we thought.
The rise of alternative trading systems in Canada has happened largely off the radar screens of most individual investors.
You may have heard of rival exchanges Alpha Group, Pure Trading, Chi-X and the rest. You may even be aware that on any given day the upstarts are taking more than a quarter of the trades away from the 157-year-old TSX.
What may be less obvious, however, is that when it comes to individual names, the upstarts in some cases are taking a much bigger slice of the pie.
More about today's screen
The hard data comes from Investment Technology Group and the work is being done by head of research Alison Crosthwait. She has been crunching through reams of data from all of the Canadian market participants.
With all of the data from the fourth quarter in hand, Ms. Crosthwait was able to identify stocks that saw a significant portion of their shares trade hands off the TSX proper. Volume is the key metric here.
What did we find?
Look no further than the first name on the list for the best example of why this all matters.
Looking at the bid-ask spread variation yesterday drives the point home: despite the price you see quoted, that 39-per-cent difference between Bombardier quotes may be there when the trade is executed.
For those of you with a mind for technical analysis, note the issues run even deeper. Technical analysis is built upon a foundation provided by reliable data. In a fragmented market, you can't get the data you need to make fully informed decisions.
THE PIGS STUPID NEWS OF THE DAY.......
Thief robs arcade with cup of coffee
BERLIN (Reuters) – A thief in the German town of Hamelin robbed an amusement arcade by threatening the attendant with a cup of coffee, authorities said on Tuesday."He wasn't going to pour coffee over her, he was going to hit her with the cup," a spokesman for local police said.
Brandishing the steaming cup he had just ordered, the thief forced the 26-year-old to open the till and fled with cash.
Police would not say how much money he had taken from the attendant, who had been alone in the arcade. "We don't want to encourage others to try this," the spokesman said.
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