RE:float If you look at the short positions they accordian in & out by about a million shares around each dividend qtr.
this is a very liquid stock and easy to trade 10 cents on 50000 shares in a day or two. The liquidity does wonders for traders.
iwasgold wrote: i am puzzled by the volume of shares that trade each day in Corus. Yahoo says the daily average is one million shares. If that is so, the shares should all turn over in ten months.It is actually less than that because of the insiders, institutions etc who rarely trade. So why is this? My guess is that daytraders or robotraders must be targetting this name because of the ease of flipping, the volatility (created by the flipping?), and the ideal price for flipping (around $5, to maximize share volumes while still getting reasonable price moves). Any other ideas? I am hopeful that over time, and divvie payments, more strong hands will show up and support a higher price. A p/e this low is either a value stock or tsx roadkill waiting to happen...