The Alpha Exchange

Things are moving slow so I thought I would do a bit of an experiment....  (this experiment was seeing if I could draw down the single order of 20,000 @ .23 by adding my 5000 to the existing 15000 on the bid @.225

I placed a small order to buy 5000 shares of XME.V @ .225... I waited a minute or so, and checked my orders list, and it was open... when I checked the level II..... I was nowhere to be seen... I also checked the Alpha exchange... but that is a delayed readout, and as such my order was not to be seen... so I called TD Waterhouse and sure enough the order was sitting in nowhere land... and it wouldn't be visible until the delayed quote on the Alpha showed me... or... anyone else for that matter.... not only that.... I was the only bid... there were no asks... I ask you... what kind of control over my trading decisions do I have if this type of routing is allowed? If a person was unaware of the Alpha exchange... in order to execute a trade that was not executing.... they would have a tendency to chase the ask or bid buy changing the order to go for the bid or ask when the stock is moving with, or against them... this would have an effect of working around the routing... however... the reason for the delay may not be truly discovered by someone not aware of the routing to the Alpha exchange.

Chasing in either direction increases risk... profit will be less and loss will be more.

Under the circumstances if the price started to take off I would have no chance whatsoever for someone to come over to the alpha exchange and sell to my bid if the price was moving in the opposite direction.

The answer to my question is.......... NotMuch!

My response was to cancel the order... It appears that to buy XME.V for me I must take the ask... not today I said... Please be aware that the type of order I was placing was a day order (passive order). In some circumstances... stocks under $1.00... if they are placed in a non passive execution (a day order is a passive order) such as with a good until date of at least 2 or more days may bypass being routed to the alpha exchange and be routed to the TSX instead... depending on your trading house policies...

Protest this obscenity of lack of transparency and lack of integrity, and check your orders with your ONLINE trader and followup and cancel your orders when they are not to your advantage.

Alpha Exchange



GLTA Lostoutwest


If you see the hand mousing over screen shots... click on screen shots to enlarge them.

After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page

|| Stockcharts Public List ||

|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE

Please read our Complete Disclosure

XME.V Update

XME.V is a virgin as far as being noticed by traders/investors... As a publicly traded issue... the supply and demand is equal in the .20 to 25 cent area... that is measured quite effectively by the chart reaction during these last few weeks... The simple lack of volume selling during this consolidation... speaks volumes in itself... It has neither become overbought or oversold at this stage... and shows no movement to reflect the sell off in the broad market.... therefore is not overbought with a trader paper overhang... it has been seeing some selling pressure (very light) by lose hands that are likely moving onto perceived better movers.....

It would be to our advantage to have the price drop under 20 cents through the Summer doldrums...

It would be a gift to buy in the .15 to 16 cent range... I must say though that I'm not sure this will take place because There are NRs due soon that may expand the existing NI-43-101 and during this turbulent toppy market, it is hard to gauge the reaction due to being under the radar...
There is a lot of due diligence that would normally show up on the SH board as a simple matter of awareness being brought in by people who have an interest in moving the price up.. and this is non existent compared to the information I have dug up at this point that has not surfaced... Make no mistake about it.. There has been a tout release sent out to a few 1000 possibly much more (I would hazard a guess) and this one has made it to a lot of watch lists... but suffers the who goes first syndrome... Everybody likes to chase because it is the thrill of the quick buck that brings on the momentum.

Here's a teaser... 20% is owned by insiders... Location is a key concept and grades suggest a surprise is possible off a base of 500,000 ounces gold NI-43-101..

With a 525,000 ounce high grade 43-101 resource (5.9 grams per tonne gold) in Quebec next to

the Clifton Star/Osisko Joint Venture, a 12,000 metre drill program underway on its primary

project, an 800 metre first pass drill program on a secondary project, and $3 million in the bank to

fund the next 24 months of commitments.

The strategy here is to load up on the dips over the next 12 months to 50 cents...

GLTA Lostoutwest


If you see the hand mousing over screen shots... click on screen shots to enlarge them.

After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page

|| Stockcharts Public List ||

|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE

Please read our Complete Disclosure

UPDATES

I have removed most of the commentary on any charts in all the watchlists because they no longer apply to the market conditions... this time frame is a type of readingless.... floating suspended, directionless condition.. that is hard to read and many moves are actions of hindsight.

As conditions change and direction becomes more predictable... Issues will be posted back into the Public Watch List on SH.

Be careful of rallies into the middle of May... they will have more than normal influence to top and consolidate...

GLTA Lostoutwest
If you see the hand mousing over screen shots... click on screen shots to enlarge them.
After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page
|| Stockcharts Public List ||

|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE

Please read our Complete Disclosure

The Markets

Not a bad description of events

The reuters description of Mondays trading IMOP describes the core of the TSX and therefore the reason we are entering a sideways trading range where it is very hard to trade and make gains... it is okay for those who bought last summer and are now holding.... but for those now just attempting to take a position, the quest is very hard to pull off in this ranging market heading into The summer doldrums... News releases that only verify (infill drilling) for Mining stocks will not provide momentum... more likely a reason for sell on news.

GLTA Lostoutwest


If you see the hand mousing over screen shots... click on screen shots to enlarge them.

After connecting to a link... you should refresh the page by clicking on the Home button or the Web Page title to ensure the latest updated page

|| Stockcharts Public List ||

|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE

Please read our Complete Disclosure