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Novadaq Technologies Inc. Message Board

  • markmick2000 markmick2000 Mar 8, 2013 2:37 PM Flag

    Crazy high volumne again today.

    Yet price is held in check. Any ideas on how this is possible? Tutes trading?

    Sentiment: Buy

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    • andersongordon Mar 9, 2013 4:54 PM Flag

      This was a "Mezzanine" trade. Large institutions and shareholders trade by making offline agreements at prices, quantities and timing so as to not interfear with the market. It then is reported on the open market as a sale, though the retailers were never involved either at Bid or Ask prices. The same thing happened the day before.
      All in all it is a good thing. It probably means that someone who purchased large quantities at ~$3.50C wanted to cash out a portion and there was someother institution or person who thought $10 US. was a good entry point for a ~1 million share position. Usually hedge funds or mutual funds.

11.94-0.21(-1.73%)Sep 23 4:00 PMEDT