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SMTC Corporation Message Board

  • ilyak98 ilyak98 Nov 20, 2013 11:22 AM Flag

    Trading patterns

    I wish this stock had better trading behavior . it moves just 10 cents on 50-70k shares traded, and then slides down 10 cents on 2K shares. It's common for low float stocks with tight "supplies". But this one has over 10 million shares in float - which is 100 times more than average trading volume. Really strange trading patterns . It had over 300K shares on buy side , for last 2 days ( 5 times bigger than average daily volume ) ,and it only translated into 30 cents gain .

    Sentiment: Buy

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    • ilyak
      This stock has a history of strange and unexplained moves on no news releases. The present situation may be a case of insider info on a possible buyout in the $2.75 (?) range. Those in the know with the money will scoop up all they can in the present range and the price is therefore maintained (?) in a low orbit. One thing for certain is that inside info is accounting for the present volume.

1.49+0.01(+0.68%)Aug 23 3:53 PMEDT