Toward the end of the day yesterday, a 450 share trade went through at $5.50. That was a $2,475 trade. The trade took the stock down 50 cents and reduced the market cap by approximately $20 million. This is the sort of activity we can expect given the limited daily volume. regards endo
Why not just try to arbitrage between the NASDAQ and Toronto Exchange. The two seem to get significantly out of sync on a fairly regular basis. I've been tempted in the past but I suspect that the same low float and volatility that allows such a gap to be opened in the first place makes it nearly impossible to unwind such a position without causing an equally outsized move in the opposite direction. I suppose if you had the discipline to open such a position on a low volume day and only close it on a high volume day you might be able to pull it off.