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Novadaq Technologies Inc. Message Board

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  • andersongordon Jan 16, 2013 8:10 AM Flag

    Where did all that volume come from?

    I was watching with interest---looked like some institution had an agreement with some other institution to purchase 250k-300k shares at $9.95. The Bid/Ask never showed up in level 2 but sure enough there were exchanges made in the 3k to 30k range continuously until the ~300k share exchange was complete. Once whoever it was had aquired their targeted shares, the demand dried up and the miniscule Bids could not sustain the Asks at $9.95 and it drifted down in low volume. That someone put up $3.0 million to take a position in a company with $7 million in quarterly revenues is encouraging. They believe there is value to be had.

    Sentiment: Buy

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