TRF 0.00% 1.9¢ trafford resources limited

whats going on, page-12

  1. 9,376 Posts.
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    The big dump started with this big sale of 300,000 shares:

    Date & TimeQuantityValueCodePrice
    9/07/2010 12:44:2326,38213,191.00TRF0.500
    9/07/2010 12:44:23120,00060,000.00TRF0.500
    9/07/2010 12:44:2320,00010,000.00TRF0.500
    9/07/2010 12:44:237,3003,650.00TRF0.500
    9/07/2010 12:44:2311,3005,706.50TRF0.505
    9/07/2010 12:44:2310,7845,499.84TRF0.510
    9/07/2010 12:44:23100,00051,000.00TRF0.510
    9/07/2010 12:44:234,2342,159.34TRF0.510


    I guess selling at 50 cents to buy shares at 50 cents is silly but if you get 1 free option for every two shares bought it makes sense to trade plain 50 cent shares for 50 cent shares with free options.

    I think this one big trade sent shivers down other holders backs and they sold without understanding why the sale happened. A problem with an illiquid stock.

    Of course if you are the person who sold the 300k, you might know the real reason why.
 
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