RE:Expect a new crowd of traders/investors soob.vicp898 wrote: I believe the sp will reach at least 5$ soon. The shorts will make it happen along with pr's. Why? At 5$, most canadian banks allow you to use leverage or margin account to buy stocks. Once the minimum price reached, you'll witness a new crowd of high risk - possibly professional - traders/speculators, financial institutions, algorythmic traders and heavy bag investors pouring huge amount of money in the stock. Let them fight on the low float. I really don't care because they not going to get one share from me and most of the investors in this forum.
In general I agree but, if I may, just some minor corrections regarding marginable stocks in Canada. It varies considerably across different brokers/banks. Example: Questrade offers margins starting at $1.50 regardless on which exchange stock is trading on whereas RBC starts margins at $3.00 but not if its trading on the TSXV or CSE.
Hope this helps out.
Good luck to all longs!