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Novadaq Technologies Inc. Message Board

  • e11ndofwar e11ndofwar Jun 12, 2012 9:50 AM Flag


    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

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    • gotta wonder if it's related to todays 8% rise.

      If that small an investment can push the PPS around...
      Could selected members of a board like this get together and produce major moves?
      And if we did, would it be an illegal conspiracy?

      Of course, the pumpers and the shorts try for that constantly,
      and attempts to do so on the open board would be countered on the spot.

      This must be a tired old proposal, anybody know the history?

      • 1 Reply to ironyworks
      • fish_discover_water_last fish_discover_water_last Jun 17, 2012 11:32 AM Flag

        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.

12.30+0.41(+3.45%)Aug 29 4:00 PMEDT