Nuvo Pharmaceuticals Inc NRIFF

Starting to believe "Anon" theory

[Montrose2]

For much of this morning anyway as soon as there is a .42 transaction there is a following 500 Anon transaction @ .415.

With the numbers of shares involved can't see this as some major "manipulation".  Have seen this kind of behaviour before and sometimes believe it is some form of "exercise" just to show it can be done.  Must be someone with limited or no fees because the economics of 500 share transactions via normal trading accounts just aren't there.

In the longer term the overall market demand will set the true price level and that is usually dictated by a few institutions viewing this as a profitable investment rather than the wishes of retail investors.

Onward and Upward